TSMC has reported fourth-quarter 2024 revenue of T$868.42 billion ($26.36 billion).
The revenue represents a 34.4 percent increase compared to the same period in 2023, where it recorded $19.62 billion in revenue.
The growth was largely fueled by robust demand for artificial intelligence (AI) chips, countering the decline in consumer electronics demand post-pandemic.
TSMC’s major clients, including Apple and Nvidia, have been pivotal in driving its success due to their focus on AI technologies.
Revenue for December 2024 alone soared by 57.8 percent year-on-year to T$278.16 billion.
Other Taiwanese firms like Foxconn also benefited from the AI boom, with Foxconn posting its highest-ever quarterly revenue in Q4 2024.
TSMC plans to release its full fourth-quarter earnings on January 16, 2025, including updates on its outlook for the current quarter and full year.
TSMC’s stock surged 81 percent in 2024, outperforming the broader Taiwanese market, which gained 28.5 percent. On the day of the revenue release, TSMC’s stock remained flat, while the benchmark index declined by 0.3 percent, Reuters news report said.
