Taiwan Semiconductor Manufacturing Company (TSM) has gained 5.48% to $218.14 following its stronger-than-expected fourth-quarter earnings. The company reported a record quarterly net income of NT$374.68 billion ($11.3 billion), driven by strong demand for 3-nanometer and 5-nanometer chips.
Revenue climbed 38.8% year-over-year, with advanced 3nm chips contributing 26% to wafer revenue and 5nm chips accounting for 34%. AI accelerators made up around 15% of total revenue in 2024, according to CEO C.C. Wei.
For the first quarter of 2025, TSMC expects revenue between $25 billion and $25.8 billion, ahead of analyst estimates. The company’s Arizona fab has entered high-volume production using 4nm technology, with yields comparable to its Taiwan plants. The second and third Arizona fabs are also on track, according to Wei.
Source: https://finance.yahoo.com/news/tsmcs-q4-blowout-57-profit-171930430.html