Reported about 12 hours ago
TSMC, the largest contract chipmaker globally, reported fourth-quarter revenue of T$868.42 billion ($26.36 billion) for 2024, surpassing market forecasts and driven by strong demand for artificial intelligence technologies. This marks a 34.4% year-on-year increase, with significant revenue growth in December. The company's success contrasts with the decline in pandemic-driven chip demand for consumer electronics, positioning TSMC favorably in the AI market. Full quarterly earnings are expected to be disclosed on January 16.
Source: YAHOO