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TSMC’s Q4 profit rises 57% to a record, in line with forecast By Reuters

by Reuters
January 16, 2025
in Stock Market
Reading Time: 1 min read
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TAIPEI (Reuters) – Taiwanese chipmaker TSMC stated fourth-quarter internet revenue rose 57% to a file on Thursday, consistent with expectations, because it advantages from surging demand for semiconductors utilized in synthetic intelligence processing.

Taiwan Semiconductor Manufacturing (TSMC), the world’s largest contract chipmaker and a serious Apple (NASDAQ:) and Nvidia (NASDAQ:) provider, noticed October to December internet revenue rise to T$374.68 billion ($11.38 billion) from T$238.7 billion a 12 months earlier.

The revenue was broadly consistent with a T$377.95 billion LSEG SmartEstimate, which is weighted towards forecasts from analysts who’re extra persistently correct.

($1 = 32.9330 Taiwan {dollars})





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Tags: forecastLineProfitrecordReutersRisesTSMCs
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