The 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
A Taiwanese semiconductor companyfourth quarter income and profit beat expectations, as demand for advanced chips used in artificial intelligence applications continued to grow.
Here are TSMC’s Q4 results versus LSEG consensus estimates:
- Net income: NT$868.46 billion (US$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 profit rose 57%.
The company had forecast fourth-quarter revenue of between $26.1 billion and $26.9 billion.
TSMC, the world’s largest contract chip manufacturer, produces advanced processors for clients such as Nvidia and Apple and has profited from the megatrend in favor of artificial intelligence.
Company released reported 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 faces some headwinds from US export controls to China and uncertainty over the trade policies 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 traded 3.75% higher on Thursday.
