Demand for AI chips is strong, TSMC’s fourth-quarter profit exceeds expectations


On July 28, 2023, the logo of Taiwan Semiconductor Manufacturing Co., Ltd. (TSMC) can be seen at the opening ceremony of the TSMC Global R&D Center in Hsinchu. (Photo by Amber Wang/AFP)

Amber Wang | AFP | Getty Images

TSMCthe fourth quarter of revenue and profit Demand for advanced chips used in artificial intelligence applications continues to surge beyond expectations.

Here’s how TSMC’s fourth-quarter results compare to the LSE consensus estimate:

  • Net revenue: NT$868.46 billion (US$26.36 billion), compared with NT$850.08 billion expected
  • Net profit: NT$374.68 billion, expected to be NT$366.61 billion

TSMC’s first-quarter revenue increased by 38.8% year-on-year, and net profit increased by 57%.

The company expects fourth-quarter revenue to be between $26.1 billion and $26.9 billion.

TSMC is the world’s largest contract chip manufacturer, producing advanced processors for: NVIDIA and apple and benefit from the megatrend of artificial intelligence.

company release Last week, the company’s revenue in December reached NT$2.9 trillion, setting a sales record since the company went public in 1994.

In 2025, the company will face some headwinds over U.S. export controls to China, as well as uncertainty over the trade policies of President-elect Donald Trump, who has threatened widespread tariffs and accused Taiwan of “stealing” U.S. chip business.

TSMC’s Taiwan-listed shares have risen 81% in 2024, rising 3.75% on Thursday.



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