TSMC (TSM) and Nvidia (NVDA) both touched all-time highs earlier this week. The A.I. trade has fueled revenue growth, and TSMC announced Y/Y December revenue growth of 57.8% and over $88B in total revenue for the 2024 year.
Taiwan Semiconductor Manufacturing Co (ADR) (NYSE:TSM) (TSMC) has reported impressive quarterly sales growth for the October to December period, reinforcing optimism in the tech sector about AI investments heading into 2025. Revenue for the period was NT$868.5 billion (US$26.3 billion), up 39% from the same period last year, based on the company's monthly disclosures.
Taiwan Semiconductor Manufacturing Co. Ltd. TSM is riding a wave of positive momentum as it gears up for its fourth quarter earnings release on Jan. 16.
TSMC (TSM), one of Nvidia's (NVDA) biggest customers, posted record revenue that grew 58% year-over-year in December. Jenny Horne says "it's hard to find" downside to TSMC's report and notes the positive signs it shows for the A.I.
Taiwan Semiconductor Manufacturing said its revenue for 2024 rose 34% amid a boom in demand for artificial-intelligence chips.
Taiwan Semiconductor Manufacturing Co. (TSM) posted fourth-quarter revenue that beat Wall Street estimates and a 34% jump in 2024 sales, as the company keeps gaining from the artificial intelligence (AI) boom.
The key supplier of advanced chips for the world's leading tech companies saw record revenue in the final quarter of 2023.
Taiwanese chip making giant TSMC said Friday its net sales rose by more than a third last year, beating its own forecast, as the company continued to benefit from soaring demand for AI technology.
Taiwan Semiconductor Manufacturing Co (TSMC), the world's largest contract chipmaker, reported robust fourth-quarter revenue growth for 2024, reflecting the accelerating impact of artificial intelligence (AI) on the semiconductor market. Revenue surged by 34.4% year-on-year, reaching T$868.42 billion ($26.36 billion), surpassing market expectations.
Taiwan Semiconductor Manufacturing Co. posted December quarter revenue that topped analyst estimates as the company continues to get a boost from the AI boom. TSMC manufacturers semiconductors for some of the world's biggest companies from Apple to Nvidia.
TSMC, the world's largest contract chipmaker, on Friday reported fourth-quarter revenue of T$868.42 billion ($26.36 billion), according to Reuters calculations, easily beating a market forecast, as the company reaps the benefit from artificial intelligence demand.
TSMC's dominant position in advanced semiconductor manufacturing and AI-driven demand create a compelling investment opportunity, justifying a Strong Buy rating. The company's technological leadership in advanced nodes (3nm, 5nm, 7nm) and strategic expansions ensure sustained growth and margin expansion. Big Tech's significant AI infrastructure investments, including Microsoft's $80 billion and Amazon's $22.6 billion, drive unprecedented semiconductor demand.