TSMC fourth-quarter results top expectations, net profit surges 57% on robust AI chip demand
Summary
(Photo by Amber Wang / AFP) Taiwan Semiconductor Manufacturing Companys fourth-quarter revenue and profit beat expectations, as demand for advanced chips used in artificial intelligence applications continued to surge. TSMC, the worlds largest contract chip manufacturer, produces advanced processors for clients 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-breaking year in sales since the company went public in 1994. In 2025, the company faces some headwinds from U.S. export controls on China and uncertainty surrounding the trade policy of President-elect Donald Trump, who has threatened to impose broad tariffs and has also accused Taiwan of "stealing" the U.S. chip business. Taiwan-listed shares of TSMC gained 81% in 2024 and were trading 3.75% higher on Thursday.