TSMC fourth-quarter revenue jumps 20% to $33.1B, beats forecasts on AI chip demand

Source: [https://finance.yahoo.com/news/tsmc-fourth-quarter-revenue-jumps-093425581.html](https://finance.yahoo.com/news/tsmc-fourth-quarter-revenue-jumps-093425581.html)

>TSMC, the world's largest contract chipmaker, on Friday reported a 20.45% increase in ​fourth-quarter revenue from a year earlier, beating the ‌market forecast, as demand for the company's products leapt in response to ‌surging interest in AI applications.

>The company, whose customers include Nvidia and Apple, has been a major beneficiary of advances in AI, which has more than offset the tapering off of ⁠pandemic-led demand for chips ‌used in consumer electronics like tablets.

>Revenue for the October-December period was T$1.046 trillion ($33.11 billion), according ‍to Reuters calculations based on monthly data released by the company, compared with T$868.46 billion in the year-ago period.

>The latest result beat a ​LSEG SmartEstimate of T$1.036 trillion ($32.79 billion) drawn from 20 analysts, ‌and was in line with guidance of $32.2 billion to $33.4 billion issued by TSMC in October in its last earnings call. TSMC only gives guidance in U.S. dollars.

>TSMC will report full fourth-quarter earnings on January 15, when it is expected ⁠to provide updated guidance for the ​current quarter and full year, ​including its capital expenditure plans and revenue growth outlook.

>TSMC's Taipei-listed shares gained 44.2% last year, outperforming the ‍25.7% rise ⁠for the broader market.

>Taiwan's Foxconn, the world's largest contract electronics maker and Nvidia's biggest server maker, also reported ⁠bumper sales on Monday, logging T$2.6028 trillion ($82.20 billion) for the fourth quarter.