TSMC surpasses Expectations with Record-Breaking Fourth-Quarter Results
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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.
