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TSMC Q4 profit hits record $11.38b on AI chip demand
Taiwan Semiconductor Manufacturing Company (TSMC) reported a 57% year-on-year increase in net profit for Q4, reaching about NT$374.68 (US$11.38 billion).
The results, disclosed on Thursday, was slightly below analysts’ expectations of NT$377.95 billion (US$11.47 billion).
As the world’s largest contract chipmaker, TSMC supplies major tech companies like Apple and Nvidia.
The company has seen increased demand for semiconductors used in AI processing during the October to December period, leading to a record quarterly profit.
Recent TSMC developments
| Timeline |
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16-Jan-2025 📊 TSMC drives Taiwan’s record investments in US, Japan
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14-Jan-2025 📈 TSMC market share reaches 64% in Q3 2024: research
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14-Jan-2025 📊 TSMC Q4 profit set to surge 58% on strong AI chip demand
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13-Jan-2025 📈 TSMC beats US stocks with record 2024 sales
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11-Jan-2025 💻 TSMC makes history with first 4nm chip made in US
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