TSM Earnings: TSMC Smashes Q4 Estimates as AI Chip Demand Soars

Taiwan Semiconductor Manufacturing Co., or TSMC, (TSM) reported a 35% jump in fourth-quarter profit, surpassing estimates and hitting a new record, driven by robust demand for AI chips. Meanwhile, revenue came in at NT$1.046 trillion ($33.73 billion), beating the expected NT$1.034 trillion. The strong results marked eight consecutive quarters of year-over-year profit growth for the world’s largest contract chipmaker.