TSMC, the world's largest contract chipmaker, reported on Friday fourth-quarter revenue that easily beat market forecasts and hit its own expectations as it reaped the benefit of artificial intelligence demand.

TSMC is making headlines again with its AI exploits. The world’s largest chipmaker raked in 868.5 billion New Taiwan dollars ($26.3 billion) in revenue for December 2024. That’s a 38.8% jump compared to the same period in 2023.

TSMC, the world's largest contract chipmaker, on Friday reported fourth-quarter revenue of T$868.42 billion ($26.36 billion), according to Reuters calculations, easily beating a market forecast, as the company reaps the benefit from artificial intelligence demand.

Taiwan Semiconductor Manufacturing's (NYSE:TSM) revenue for December 2024 surged 57.8% year-over-year to about NT$278.16B, amid a growing demand for AI applications. TSM — which produces chips for some of the world's largest tech companies including Apple (AAPL),

Taiwan Semiconductor Manufacturing Co (TSMC), the world’s largest contract chipmaker, reported robust fourth-quarter revenue growth for 2024, reflecting the accelerating impact of artificial intelligence (AI) on the semiconductor market.