Taiwan Semiconductor Manufacturing Company Ltd. (NYSE: TSM) has reported impressive financial results for the fourth quarter of 2024, with consolidated revenue reaching NT$868.46 billion (approximately $26.7 billion), marking a significant year-over-year increase. This growth is largely driven by the escalating demand for artificial intelligence (AI) applications, positioning TSMC as a key player in the AI-driven semiconductor market.
In November 2024, TSMC’s sales surged by 34% compared to the same period the previous year, totaling NT$276.06 billion (approximately $8.49 billion). This robust performance underscores the company’s critical role in supplying advanced microchips to major technology firms, including Apple and Nvidia, as AI-related demand continues to expand.
Looking ahead, TSMC forecasts a 58% rise in fourth-quarter profit, driven by strong demand for AI applications. However, the company faces challenges from U.S. tech restrictions on China and potential tariffs from the upcoming U.S. administration. TSMC is also focusing on substantial investments, including new fabrication plants in Arizona, to bolster its production capabilities and mitigate geopolitical risks.
In addition to its financial achievements, TSMC is expanding its global footprint. The company has announced plans to build a second chip manufacturing plant in Japan, in partnership with Sony and Toyota. This strategic move aims to enhance TSMC’s production capacity and strengthen its position in the global semiconductor supply chain.
As of Feb. 5, 2025, TSMC’s stock is trading at $207.15, reflecting a 1.52% increase from the previous close. Investors remain optimistic about the company’s growth prospects, particularly in the AI sector, despite potential geopolitical challenges.
For more information, visit the company’s website at www.TSMC.com
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