TSM
TAIPEI, Jan 10 (Reuters) - TSMC (2330.TW), opens new tab, the world's largest contract chipmaker, reported on Friday fourth-quarter revenue that easily beat market forecasts and hit its own expectations as it reaped the benefit of artificial intelligence demand.
Taiwan Semiconductor Manufacturing Co, whose customers include Apple (AAPL.O), opens new tab and Nvidia (NVDA.O), opens new tab, has been at the forefront of the march towards AI that has helped it weather the tapering off of pandemic-led demand of chips used in consumer electronics like tablets.
Revenue in the October-December period of 2024 came in at T$868.42 billion ($26.36 billion), according to Reuters calculations, compared with an LSEG SmartEstimate of T$853.57 billion ($25.90 billion) drawn from 23 analysts.
That represents growth of 34.4% year-on-year, and compares with revenue of $19.62 billion in the year-ago period.