TSMC Reports Record Profit Growth In Q4 On Surging AI Demand

TSMC Reports Record Profit Growth In Q4 On Surging AI Demand

Taiwan Semiconductor Manufacturing Company reported fourth-quarter revenue and net income, exceeding estimates. Revenue jumped over 38, while profit rose 57 year-over-year to record highs, driven by surging demand for AI and 5G chips. High-performance computing contributed 53 of revenue, up 19 from the prior quarter. TSMC faces potential challenges from U.S. restrictions on semiconductor exports to China and upcoming trade policy changes under President-elect Donald Trump. TSMC shares gained over 80 in 2024 and rose over 3 on Thursday.


User: Benzinga

Views: 263

Uploaded: 2025-01-16

Duration: 00:42

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