TSMC profits surge 57% as demand for AI chips remains high
TSMC, which makes chips for Nvidia, reported net income of $11.6 billion. Its CFO said this was supported by "strong demand" for its advanced chips.
TSMC Q4 profit leaps to record on strong demand for AI chips
Taiwan Semiconductor Manufacturing Co reported a 57% leap in fourth-quarter profit on Thursday as demand surges for advanced chips used in artificial intelligence processing.
TSMC Profit Surges. Why the Nvidia Supplier Is Shrugging Off Curbs on AI Chip Exports.
Taiwan Semiconductor Manufacturing reported a 57% rise in profit on strong demand for hardware to power AI systems.
TSMC fourth-quarter results top expectations, net profit surges 57% on robust AI chip demand
TSMC, the world's largest contract chip manufacturer, produces advanced processors for clients such as Nvidia and Apple and has benefited from the megatrend in favor of AI.
TSMC shares jump 5% after Nvidia supplier posts record profits
The company revealed net income rose 57% for the final quarter of 2024, while revenue increased 37% to almost $27 billion.
TSMC fourth-quarter profit seen jumping 58% on strong AI chip demand
Taiwan Semiconductor Manufacturing Co , the main global producer of advanced chips used in artificial intelligence applications, is expected to report a 58% leap in fourth-quarter profit on Thursday because of surging demand.
Taiwanese Chipmaker TSMC Posts 57% Surge in Profit Thanks to the AI Boom
Taiwan computer chip maker TSMC has reported its profit in the last quarter rose 57%, buoyed by the artificial intelligence boom
TSM stock price: TSMC shares jump as Q4 revenue and profit beat on strong AI demand and advanced chip sales
Shares of Taiwan Semiconductor Manufacturing Co. (TSMC) are up in premarket trading Thursday on strong demand for its advanced chips.
TSMC logs record quarterly profit, sees hefty revenue growth in early 2025
Taiwan Semiconductor Manufacturing Co logged record quarterly profit on Thursday and said it expects robust revenue growth in the first three months of the year as demand surges for chips used in artificial intelligence processing.
TSMC Ended 2024 Strong With Another Record Quarter
The world’s largest contract chip maker reported another record quarter as it continued to ride the AI wave while navigating the U.S.-China chip rivalry.
TSMC Stock Jumps on Better-Than-Expected Q4 Profit, Bullish AI Outlook
U.S.-listed shares of Taiwan Semiconductor Manufacturing Co. rose in premarket trading Thursday after the world's largest ...
TSMC Expects Continued AI-Driven Growth After Ending 2024 Strong
The world’s largest contract chip maker reported another record quarter as it continued to ride the AI wave while navigating ...
TSMC Q4: Expecting Fabless Semi Inventory To Return To Healthier Level In 2025
TSMC's revenue from AI accelerators tripled in FY24 and is expected to double in FY25, supported by increased CAPEX for advanced technologies. Learn more on TSM stock here.
TSMC’s Strong Outlook Quashes AI Spending Fears
Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world ...
Heard on the Street: TSMC Is Your AI Value Play
If growth at a reasonable price is the goal, the world’s largest contract chip manufacturer fits the bill. Strong demand for ...
Nvidia Just Made a Huge AI Chip Shift--And It Could Shake Up the Entire Industry
Nvidia ( NASDAQ:NVDA) is making a major shift in its AI chip packaging strategy, transitioning from CoWoS-S to CoWoS-L as it ...
US blacklists Chinese AI developer and co that ordered TSMC chip found in Huawei processor
The Biden administration added more than two dozen Chinese entities to a U.S. restricted trade list on Wednesday, including ...
Why Nvidia, Micron and TSMC stocks are sinking right now
Semiconductor stocks are getting hit with a wave of bearish pressures following news that the U.S. will take new steps to ...