Taiwanese chipmaker TSMC said fourth-quarter net profit rose 57% to a record on Thursday, in line with expectations, as it benefits from surging demand for semiconductors used in artificial intelligence processing.

U.S.-listed shares of Taiwan Semiconductor Manufacturing Co. rose in premarket trading Thursday after the world's largest contract chip manufacturer posted better-than-expected fourth-quarter profit and a bullish outlook for artificial intelligence demand.

Regarding investment in the future, TSMC sees 2025 sees a big ramp-up in capital spending because it plans to invest $38 billion or $42 billion that's a lot, that being much more than the $29.8 billion spent last year.