Taiwan Semiconductor Manufacturing Company on Thursday reported a 35% increase in fourth-quarter profit, beating estimates and hitting a fresh record as demand for artificial intelligence chips remained strong.
Here are the company’s results versus LSEG SmartEstimates, which are weighted toward forecasts from analysts who are more consistently accurate:
The world’s largest contract chipmaker has now posted year-over-year profit growth for eight consecutive quarters.
Meanwhile, TSMC’s revenue in the December quarter rose by 20.5% from a year ago to surpass NT$1 trillion, also beating forecasts.
TSMC, Asia’s largest technology company by market capitalization, has benefited greatly from the proliferation of artificial intelligence, producing advanced AI processors for clients such as Nvidia and AMD.
