TSMC’s Q4 net profit jumps 35% to NT$505.7 billion, beating forecasts as AI boom drives demand for its advanced semiconductor manufacturing
TAIPEI: Taiwanese chipmaking giant TSMC announced a forecast-busting net profit for the fourth quarter as demand for artificial intelligence technology skyrocketed.
The world’s biggest contract chipmaker said net profit for the three months to December increased 35% year-on-year to NT$505.7 billion (USD 16 billion).
This result beat the NT$466.69 billion forecast by analysts surveyed by Bloomberg News.
Net revenue for the quarter rose 20.5% from a year ago to NT$1.05 trillion, also exceeding expectations.
TSMC is a primary beneficiary of the AI revolution, with US tech giants pouring billions into chips, servers and data centres.
The company manufactures chips used in everything from Apple’s smartphones to Nvidia’s cutting-edge AI hardware.
The strong results followed news that Taiwan reached a “general consensus” with the United States on a trade deal.
The island hopes the deal will reduce its current 20% tariff and shield its vital semiconductor industry from further levies.
