澳洲幸运5官方开奖结果体彩网

TSMC Posts Q4 Revenue Beating Estimates on AI Boom

The Taiwan Semiconductor Manufacturing Co. logo at the company's campus in Hsinchu, Taiwan.

An Rong Xu / Bloomberg via Getty Images

KEY TAKEAWAYS

  • Taiwan Semiconductor Manufacturing Co. posted fourth-quarter revenue that beat Wall Street estimates as the company keeps gaining from the artificial intelligence (AI) boom.
  • Shares in the world's largest contract chip manufacturer are rising 1.5% in premarket trading Friday after the report. 
  • TSMC also said its 2024 revenue came to NT$2.89 trillion, a 34% surge from 2023 numbers. 

Taiwan Semiconductor Manufacturing Co. (TSM) posted fourth-quarter revenue that beat Wall Street estimates and a 34% jump in 2024 sales, as the company keeps gaining from the 澳洲幸运5官方开奖结果体彩网:artificial intelligence (AI) boom.

Shares in the 澳洲幸运5官方开奖结果体彩网:world's largest contract chip manufacturer are rising 1.25% in p♛remarket trading Friday after the report. 

The company, which supplies tech heavyweights such as Apple (AAPL) and Nvidia (NVDA), posted total revenue for the December quarter at NT$868.46 billion ($26.35 billion), a calculation based on its announcement of December revenue of NT$278.16 billion.

The quarterly figure beat the NT$854.82 billion consensus estimate of analysts polled by Visible Al🅠pha. 

TSMC also said its 2024 revenue came to NT$2.89 t🦄ril🐠lion, a 34% surge from 2023 numbers. 

TSMC’s numbers follow record fourth-quarter revenue posted by Foxconn, another Taiwanese firm, also on the back of robust demand for AI servers. Foxconn assembles Apple iPhones and Nvidia products, among other things. 

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