Taiwan Semiconductor Manufacturing Co (TSMC) reported a 57% jump in fourth-quarter net profit on Thursday, driven by robust demand for advanced chips used in artificial intelligence processing.
The world's largest contract chipmaker posted a net profit of NT$374.68 billion ($11.60 billion) for the quarter ended December 31, exceeding expectations and marking a record high for any quarter. Revenue reached NT$868.5 billion ($26.3 billion), up 39% year-over-year.
Key Drivers
* AI Boom: Increased demand for high-performance computing chips used in AI applications, such as GPUs and AI processors, fueled TSMC's growth.
* Advanced Technology Leadership: TSMC's continued leadership in advanced semiconductor manufacturing processes, including 3nm and 5nm, solidified its position as the world's leading chipmaker.
Outlook
TSMC's Q1 2025 revenue guidance is expected to be in the range of NT$835-861 billion ($25.3 billion to $26.1 billion), suggesting continued strong demand. The company remains optimistic about the long-term growth prospects of the semiconductor industry, driven by AI, 5G, and other emerging technologies.
I will continue to invest in TSMC as they are the only companies that supplied high end chips.
Do you own due diligence check before invest.
@TigerClub @TigerEvents @MillionaireTiger @TigerStars
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