TSMC's Q4 profit rises 57% to a record

TSMC's Q4 profit rises 57% to a record, in line with forecast
Taiwanese chipmaker TSMC said fourth-quarter net profit rose 57% to a record on Thursday, in line with expectations, as it benefits from surging demand for semiconductors used in artificial intelligence processing.
TSMC profits surge 57% as demand for AI chips remains high
TSMC, which makes chips for Nvidia, reported net income of $11.6 billion. Its CFO said this was supported by "strong demand" for its advanced chips.
TSMC net profit hits record high as fourth-quarter results top expectations on robust AI chip demand
TSMC, the world’s largest contract chip manufacturer, produces advanced processors for clients such as Nvidia and Apple and has benefited from the megatrend in favor of AI.
TSMC Q4 Profit Set for Big Leap on Strong Demand for AI Chips
TSMC is set to report a net profit of T$377.95 billion ($11.44 billion) for the quarter ended Dec. 31, according to a LSEG SmartEstimate drawn from 22 analysts. SmartEstimates give greater weighting to forecasts from analysts who are more consistently accurate.
TSMC Reports Strong Q4 Profit Amid Rising AI Demand
Taiwan Semiconductor Manufacturing Co. (TSMC), the worlds largest contract chipmaker, posted a stronger-than-expected Q4 profit, fueled by robust demand for AI-driven advanced chips. Net income surged 57% to T$374.
TSMC Stock Jumps on Better-Than-Expected Q4 Profit, Bullish AI Outlook
U.S.-listed shares of Taiwan Semiconductor Manufacturing Co. (TSM) rose 4% in premarket trading Thursday after the world's largest contract chip manufacturer posted better-than-expected fourth-quarter profit and a bullish outlook for artificial intelligence (AI) demand.
Taiwan's TSMC Says Net Profit Rose 57% In Fourth Quarter
Taiwanese chipmaking giant TSMC on Thursday announced a better-than-expected net profit for the fourth quarter as it benefits from booming demand for AI technology.
TSMC's Q4 2024 Earnings Outperformance: 3 Reasons To Buy Here
Taiwan Semiconductor Manufacturing has outperformed 2024 expectations by wide margins. Check out 3 reasons to buy TSM stock.
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TSMC rejected Samsung, it won't manufacture Exynos chips: Report
The post TSMC rejected Samsung, it won't manufacture Exynos chips: Report appeared first on Android Headlines.