TSMC’s Q4 Profit Rises 57% To A Record

Taiwanese chipmaker TSMC reported a 57% increase in fourth-quarter net profit on Thursday, setting a new record, as demand for semiconductors used in artificial intelligence (AI) processing continues to surge, Ben Blanchard, Faith Hung, and Yimou Lee reported for Reuters.

Taiwan Semiconductor Manufacturing Co. (TSMC) is the world’s largest contract chipmaker and a key supplier for Apple and Nvidia. I Photo: Taiwan Semiconductor Manufacturing Co.

Taiwan Semiconductor Manufacturing Co. (TSMC), the world’s largest contract chipmaker and a key supplier for Apple and Nvidia, posted a net profit of T$374.68 billion ($11.38 billion) for the October-December quarter.

This marks a significant rise from T$238.7 billion recorded in the same period the previous year. The profit aligns closely with a T$377.95 billion LSEG SmartEstimate, which places greater weight on forecasts from consistently accurate analysts.