The fourth quarter revenue and profit of Taiwan Semiconductor Manufacturing Company (TSMC) shattered forecasts, as demand for advanced chips for artificial intelligence showed no sign of slowing down.
LSEG consensus estimate for TSMC’s 4Q24 versus the actual reports are as follows:
- Estimated net revenue: NT$ 850.08 billion, versus actual net revenue: NT$ 868.46 billion.
- Estimated net income: NT$366.61 billion, versus actual income: NT$374.68 billion.
TSMC’s revenue in the fourth quarter surged 38.8% from the previous year, while net income gained 57%.
TSMC, the world’s largest chips manufacturer, is the producer of advanced processors for major tech companies like Apple and Nvidia and has benefited from the AI rush.
The chipmaker released its December revenue last week, pushing its annual revenue to NT$ 2.9 trillion, breaking the company’s record since it went public in 1994.
In 2025, TSMC is facing some setbacks from the U.S. trade war with China, and growing uncertainty over President-elect Donald Trump’s policy of levying tariffs on all imports and has blamed Taiwan for “stealing” the U.S. chip industry.
TSMC’s share traded in Taiwan surged 81% in 2024 and gained 3.75% on Thursday.
