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A logo of Taiwan Semiconductor Manufacturing Company (TSMC) is seen during the opening ceremony of TSMC’s Global RnD Center in Hsinchu on July 28, 2023. (Photo by Amber Wang/AFP)
Amber Wang | Afp | Getty Images
Taiwan Semiconductor Manufacturing Companythe fourth quarter income and profit beat expectations, as demand for advanced chips used in artificial intelligence applications continued to grow.
Here are TSMC’s fourth-quarter results versus LSEG consensus estimates:
- Net income: NT$868.46 billion ($26.36 billion), versus NT$850.08 billion expected
- Net income: NT$374.68 billion, versus NT$366.61 billion expected
TSMC’s December quarter revenue rose 38.8% from a year earlier, while net income rose 57%.
The company had forecast revenue for the fourth quarter between $26.1 billion and $26.9 billion.
TSMC, the world’s largest contract chip manufacturer, produces advanced processors for customers such as Nvidia and Apple and benefited from the megatrend in favor of AI.
The company released its December revenue last week, bringing its annual total to NT$2.9 trillion – a record year in sales since the company went public in 1994.
In 2025, the company will face some headwinds from US export controls in China and uncertainty surrounding the trade policies of President-elect Donald Trump, who has threatened to impose broad tariffs and has also accused Taiwan of “stealing” the US chip business.
Taiwan-listed TSMC shares have gained 81% in 2024 and were trading 3.75% higher on Thursday.
