Taiwan Semiconductor Manufacturing Company (TSMC) has reported an impressive rise in fourth quarter profits, exceeding analysts’ expectations, primarily fueled by robust demand for artificial intelligence (AI) chips. In the fiscal report released on January 16, 2025, TSMC declared a profit of NT$248.5 billion (approximately $8.2 billion), representing a remarkable 44% increase compared to the same period last year. The company’s revenue for the quarter also jumped to NT$614.2 billion, surpassing previous forecasts. TSMC’s CEO, C.C. Wei, emphasized the underlying strength of the AI chip market, stating, ‘The accelerating adoption of AI technologies is driving a wave of investment in high-performance computing, and TSMC is strategically positioned to benefit from this trend.’ The company’s leading position in semiconductor manufacturing globally is further solidified as it continues to invest heavily in research and development, hoping to maintain its competitive edge in this rapidly evolving industry. TSMC’s strong quarterly earnings have positively influenced its stock price, which rose by 3% following the announcement. Analysts predict that the ongoing developments in AI will continue to push the demand for TSMC’s products upward in the coming fiscal periods. The corporation plans to expand its production capabilities in response to market demands, with additional facilities slated to be operational by late 2026. Furthermore, TSMC’s investment in advanced nodes and cutting-edge technologies reflects its commitment to meeting the needs of leading technology firms.
TSMC Reports Strong Fourth Quarter Profit Driven by AI Chip Demand
