Taiwan Semiconductor Manufacturing Company reported fourth-quarter revenue and net income, exceeding estimates. Revenue jumped over 38%, while profit rose 57% year-over-year to record highs, driven by surging demand for AI and 5G chips. High-performance computing contributed 53% of revenue, up 19% from the prior quarter. TSMC faces potential challenges from U.S. restrictions on semiconductor exports to China and upcoming trade policy changes under President-elect Donald Trump. TSMC shares gained over 80% in 2024 and rose over 3% on Thursday.
Category
🗞
NewsTranscript
00:00It's Benzinga bringing Wall Street to Main Street.
00:02Taiwan's semiconductor manufacturing company reported fourth quarter revenue and net income
00:07exceeding estimates. Revenue jumped over 38 percent, while profit rose 57 percent year
00:13over year to record highs driven by surging demand for AI and 5G chips. High performance
00:18computing contributed 53 percent of revenue, up 19 percent from the previous quarter.
00:23TSMC faces potential challenges from U.S. restrictions on semiconductor exports to
00:28China and upcoming trade policy changes under President-elect Donald Trump.
00:32TSMC shares gained over 80 percent in 2024 and rose 3 percent on Thursday.