TSMC Q4 Profit Surges 57% Amid Robust AI Chip Demand

by Michael Brown
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TSMC Q4 Profit Surges 57% Amid Robust AI Chip Demand

TSMC surpasses Expectations with Record-Breaking Fourth-Quarter Results

Taiwan ​Semiconductor Manufacturing Company (TSMC) has ​reported⁣ a⁢ stellar performance in ‍the fourth quarter, considerably surpassing market expectations. The surge‍ in demand for‌ advanced chips used in artificial intelligence applications has been⁢ a ‌key driver ‌of this success.

Notable Financial Performance

In the⁢ latest financial results, ‌TSMC’s net revenue reached 868.46 billion New Taiwan dollars (approximately $26.36 billion), ⁤exceeding the ​anticipated NT$850.08 billion. Net income also surpassed forecasts, coming in at NT$374.68 billion compared to the expected NT$366.61‍ billion.

  • Net Revenue: 868.46 billion New Taiwan dollars‍ ($26.36 billion)
  • Net‍ Income: NT$374.68 billion

The company’s ⁢profit soared by ‍57% from ​the previous year,marking a record high,while revenue increased ‍by an impressive 38.8%.‍ This growth⁣ aligns with TSMC’s ⁤forecasted revenue range of $26.1 ⁤to $26.9 billion for the quarter.

A Leader ‌in AI Chip Production

As the world’s largest contract ​chip‌ manufacturer, TSMC‌ produces cutting-edge processors for major clients like Nvidia and Apple, benefiting from ⁢a global shift towards AI technology.

“The surging ‍demand for AI⁣ chips has⁤ exceeded expectations in ⁤Q4,” said brady wang, associate ⁢director at ⁣Counterpoint Research.

This ⁤demand was further bolstered ⁤by Apple’s latest iPhone model featuring advanced chips produced by TSMC.

A Record ‍Year Despite Challenges Ahead

The company‌ recently announced its December⁢ revenue figures, bringing its annual total to an ⁢unprecedented NT$2.9 trillion since going public ​in⁢ 1994.

Though,potential challenges loom on the ⁢horizon as U.S restrictions on semiconductor shipments to china and uncertainties surrounding President-elect Donald Trump’s trade policies could‍ impact future operations.

“We will not⁢ attend trump’s inauguration as our ideology is ⁤to maintain⁤ a low profile,” ⁣stated C.C Wei Chairman and ⁣CEO of TSMC ‌according to Reuters reports.

A Promising ‌Outlook for 2025

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