Taiwan Semiconductor Manufacturing Company (TSMC) experienced significant financial growth in early 2024, with a 9.4% increase in revenue during the first two months of the year. This growth is attributed to the global development of artificial intelligence (AI), which has helped to mitigate the potential negative impact of slowing iPhone sales. Additionally, TSMC received a substantial boost in subsidies, totaling $1.51 billion from China and Japan in 2023, a figure nearly six times the amount received in 2022. The company's shares saw a notable rise, up 3.2%, following the announcement of these financial gains.