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A logo of Taiwan Semiconductor Manufacturing Company (TSMC) is seen during the opening ceremony of TSMC Global RnD Center in Hsinchu on July 28, 2023. (Photo by Amber Wang/AFP)
Amber Wang | afp | fake images
Taiwan Semiconductor Manufacturing Companythe fourth 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 vs. 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 revenue in the December quarter rose 38.8% from a year earlier, while net income rose 57%.
The company had forecast fourth-quarter revenue between $26.1 billion and $26.9 billion.
TSMC, the world’s largest contract chipmaker, produces advanced processors for customers such as NVIDIA and Apple and has 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 for sales since the company went public in 1994.
In 2025, the company faces some headwinds due to U.S. export controls on China and uncertainty surrounding the trade policy of President-elect Donald Trump, who has threatened to impose sweeping tariffs and also accused Taiwan of “stealing” the US chip business.
Taiwan-listed TSMC shares gained 81% in 2024 and were trading 3.75% higher on Thursday.
