TSMC's Q4 Profit Soars 57%, Setting a New Record
TSMC, the world's largest contract chipmaker, reported a 57% increase in Q4 net profit, reaching a record T$374.68 billion ($11.38 billion). The surge, driven by high demand for AI-related semiconductors, aligns with market forecasts and highlights TSMC's dominance in the global chip industry.
TSMC's Q4 Profit Soars 57%, Hitting Record High
The TSMC logo displayed at the TSMC Museum of Innovation in Hsinchu, Taiwan, on May 29, 2024. (Photo: REUTERS/Ann Wang)
TAIPEI, Jan 16, 2025 – Taiwan Semiconductor Manufacturing Company (TSMC), the world's leading contract chipmaker, announced a record-breaking 57% surge in its fourth-quarter net profit. The results, released on Thursday, align with market forecasts, driven by soaring demand for semiconductors, particularly those used in artificial intelligence (AI) applications.
TSMC, a key supplier to tech giants like Apple and Nvidia, reported a net profit of T$374.68 billion ($11.38 billion) for the October to December period. This marks a significant increase from T$238.7 billion in the same quarter the previous year. The figures closely matched the T$377.95 billion LSEG SmartEstimate, which prioritizes predictions from consistently accurate analysts.
This remarkable performance underscores TSMC's pivotal role in the global semiconductor industry, as it continues to capitalize on the growing need for advanced chips in AI, consumer electronics, and other high-tech sectors.
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Source: Reuters
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