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A Taiwan Semiconductor Manufacturing Company (TSMC) logo 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 income and profits exceeded expectations as demand for advanced chips used in artificial intelligence applications continued to rise.
Here are TSMC’s fourth quarter results and LSEG consensus estimates:
- Net income: NT$868.46 billion ($26.36 billion), expected NT$850.08 billion.
- Net income: NT$374.68 million, expected NT$366.61 million
TSMC’s December quarter revenue rose 38.8% from a year earlier, while net profit rose 57%.
The company had forecast fourth-quarter revenue of $26.1 billion to $26.9 billion.
TSMC, the world’s largest contract chip manufacturer, produces advanced processors for customers Nvidia and the apple and has benefited from the megatrend in favor of AI.
the company released last week its December revenue totaled NT$2.9 billion, the company’s record year for sales since it went public in 1994.
In 2025, the company faces uncertainty over US export controls in China and the trade policies of President-elect Donald Trump, who has threatened to impose sweeping tariffs and even accused Taiwan of “stealing” the US chip business.
Taiwan-listed TSMC shares gained 81% in 2024 and traded up 3.75% on Thursday.
