TSMC reports fourth-quarter revenue up 20% and beats forecasts

TSMC said fourth-quarter revenue rose 20.45% to T$1.046 trillion (US$33.11 billion), beating market estimates. The company will report full fourth-quarter earnings on Jan. 15 and is expected to update guidance then.

Taiwan Semiconductor Manufacturing Co. reported a 20.45% increase in fourth-quarter revenue from a year earlier, driven in large part by rising demand tied to AI applications. The company, which is among the world's largest contract chip makers, has seen AI-related orders offset slower pandemic-era consumer electronics demand. Revenue for October–December was reported as T$1.046 trillion (US$33.11 billion), compared with T$868.46 billion a year earlier. TSMC had provided guidance in October and will deliver full fourth-quarter results on Jan. 15. Key facts: - Fourth-quarter revenue was T$1.046 trillion (US$33.11 billion), up 20.45% year-on-year. - Revenue compared with T$868.46 billion in the year-ago period. - The result beat a LSEG SmartEstimate of T$1.036 trillion compiled from 20 analysts. - The reported figure was within the U.S. dollar guidance range TSMC provided in October of US$32.2 billion to US$33.4 billion. - The article mentions TSMC's customers include Nvidia and Apple, and notes TSMC's Taipei-listed shares rose 44.2% last year versus a 25.7% broader market gain. - The article also reports that Taiwan's Foxconn logged T$2.6028 trillion (US$82.20 billion) in fourth-quarter sales. Summary: The fourth-quarter increase reflects stronger demand for chips used in AI applications and offset weaker consumer electronics demand. TSMC will report full fourth-quarter earnings on Jan. 15, when it is expected to provide updated guidance including capital expenditure plans and a revenue outlook.