Taiwan Semiconductor Manufacturing Co. (TSMC) has released information on its revenue for the quarter ended in December.
The mentioned financial result exceeded analysts’ preliminary expectations regarding the degree of growth intensity of the corresponding indicator.
TSMC, the world’s largest chip manufacturer, recorded revenue of 868.5 billion New Taiwan dollars ($26.3 billion) for the fourth quarter of 2024. This indicator showed an increase of 38.8% compared to reading for the same period in 2023.
The final result exceeded the preliminary forecasts of analysts polled by the media, who expected that the revenue of the world’s largest manufacturer of microcircuits for the fourth quarter of 2024 would be fixed at around 850.1 billion New Taiwan dollars.
It is worth noting that in this case, the so-called artificial intelligence boom has become a significant factor in the impact on revenue. TSMC is one of the beneficiaries of the mentioned process. Chips are necessary for training and ensuring the process of subsequent functioning of machine intelligence systems.
TSMC’s revenue for the whole of 2024 was 2.9 trillion New Taiwan dollars. It is worth noting that this is the company’s highest sales volume since 1994 when it went public.
TMSC currently manufactures semiconductors for global technology sector giants such as Nvidia and Apple.
It is also worth noting that the company has the status of the most advanced chip manufacturer. The main driving forces behind TSMC’s development are the above-mentioned boom in artificial intelligence and the ever-improving semiconductors for smartphones.
As we have reported earlier, US Finalizes $6.6 Billion Chips Award for TSMC.