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TSMC beats sales estimates as AI chip gains continue


The logo of Taiwan Semiconductor Manufacturing Company is shown on a screen on the floor of the New York Stock Exchange on September 26, 2023.

Brendan McDermid | Reuters

Taiwan Semiconductor Manufacturing Co. reported revenue in December that beat analysts’ estimates for the quarter, as the company continues to get a boost from the AI ​​boom.

The world’s largest chipmaker reported fourth-quarter revenue of NT$868.5 billion ($26.3 billion), according to CNBC calculations, up 38.8% year-on-year.

That beat Refinitiv’s consensus estimate of NT$850.1 billion.

TSMC manufactures semiconductors for some of the world’s largest companies, including Apple and Nvidia.

This story is being updated. Check back for more.



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