A logo of Taiwan Semiconductor Manufacturing Company (TSMC) is seen during the opening ceremony of the TSMC global RnD Center in Hsinchu on July 28, 2023. (Photo by Amber Wang / AFP)
Amber Wang | Afp | Getty Images
Taiwan Semiconductor Manufacturing Company’s fourth-quarter revenue and profit exceeded expectations, as demand for advanced chips used in artificial intelligence applications continued to rise.
Here are TSMC’s fourth quarter results compared to LSEG consensus estimates:
TSMC’s revenue in the December quarter increased 38.8% year-on-year, while net profit increased 57%.
The company forecast fourth-quarter revenue of between $26.1 billion and $26.9 billion.
TSMC, the world’s largest contract chipmaker, produces advanced processors for customers including Nvidia and Apple and has benefited from the AI megatrend.
The company released its December revenue last week, bringing its annual total to NT$2.9 trillion – a record year for sales since its 1994 IPO.
In 2025, the company will face challenges from U.S. controls on China’s exports and uncertainty surrounding the trade policies of President-elect Donald Trump, who has threatened to impose broad tariffs and also accused Taiwan of “stealing” the US chip industry.
Taiwan-listed shares of TSMC have gained 81% in 2024 and were trading up 3.75% on Thursday.
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