Taiwan Semiconductor Manufacturing Company (NYSE:TSM) is up 5.48% at $218.14 as of 12:11 p.m. ET, after stronger-than-expected fourth-quarter earnings.
TSMC Reports Record Quarterly Net Profit of NT$374.68 Billion ($11.3 Billion) on Net Revenue of NT$868.46 Billion ($26.36 Billion) for Quarter Ended on December 31. Revenue climbs 38.8% year-over-year, while net profit jumps 57%, driven by strong demand for 3-nanometer and 5-nanometer chips. Advanced 3nm chips contribute 26% of wafer revenue, while 5nm chips account for 34%. AI accelerators accounted for around 15% of total revenue in 2024, says CEO CC Wei.
For the first quarter of 2025, TSMC forecasts revenue between $25 billion and $25.8 billion, higher than analyst estimates of $24.4 billion. TSMC’s Arizona factory entered high-volume production in the fourth quarter of 2024 using 4nm technology, with yields comparable to its factories in Taiwan. The company remains on track with its second and third manufacturing plants in Arizona, Wei confirms.
This article was first published on GuruFocus.
