TSMC’s fourth-quarter profit beat expectations on strong AI chip demand
The 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 Companyfourth quarter revenue and profit exceeded expectations as demand for advanced chips used in artificial intelligence applications continued to grow.
TSMC’s Q4 results vs. LSEG consensus estimates:
- Net income: NT$868.46 billion ($26.36 billion), expected NT$850.08 billion
- Net income: NT$374.68 billion, expected NT$366.61 billion
In the December quarter, TSMC’s revenue was up 38.8% year-over-year, and net income was up 57%.
The firm had forecast fourth-quarter revenue between $26.1 billion and $26.9 billion.
It produces advanced processors for clients such as TSMC, the world’s largest contract chipmaker Nvidia and apple and has benefited from the megatrend in favor of artificial intelligence.
Company was released Last week, its December revenue brought its annual total to NT$2.9 trillion – the company’s record-breaking sales year since it went public in 1994.
In 2025, the company faces uncertainty over US export controls to China and the trade policies of President-elect Donald Trump, who has threatened to impose sweeping tariffs and also accused Taiwan of “stealing” the US chip business.
TSMC’s Taiwan-listed shares gained 81% in 2024 and traded 3.75% higher on Thursday.
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