TSMC Reports Record Profit Growth In Q4 On Surging AI Demand

Benzinga

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.

Transcript

00:00It's Benzinga bringing Wall Street to Main Street.

00:02Taiwan's semiconductor manufacturing company reported fourth quarter revenue and net income

00:07exceeding estimates. Revenue jumped over 38 percent, while profit rose 57 percent year

00:13over year to record highs driven by surging demand for AI and 5G chips. High performance

00:18computing contributed 53 percent of revenue, up 19 percent from the previous quarter.

00:23TSMC faces potential challenges from U.S. restrictions on semiconductor exports to

00:28China and upcoming trade policy changes under President-elect Donald Trump.

00:32TSMC shares gained over 80 percent in 2024 and rose 3 percent on Thursday.

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