TSMC Q4 revenue T868.42 bln according to Reuters calculations
Revenue beats market forecast
TSMC has benefited from surge towards AI
Company to report Q4 earnings on Jan 16

TAIPEI, Jan 10 Reuters TSMC, the world39;s largest contract chipmaker, reported on Friday fourthquarter revenue that easily beat market forecasts and hit its own expectations as it reaped the benefit of artificial intelligence demand.

Taiwan Semiconductor Manufacturing Co, whose customers include Apple and Nvidia, has been at the forefront of the march towards AI that has helped it weather the tapering off of pandemicled demand of chips used in consumer electronics like tablets.

Revenue in the OctoberDecember period of 2024 came in at T868.42 billion 26.36 billion, according to Reuters calculations, compared with an LSEG SmartEstimate of T853.57 billion 25.90 billion drawn from 23 analysts.

That represents growth of 34.4 yearonyear, and compares with revenue of 19.62 billion in the yearago period.

It is not a direct comparison as TSMC provides monthly revenue data only in Taiwan dollars, but gives quarterly revenue figures and its outlook on its quarterly earnings calls both in U.S. dollars.

On its most recent earnings call in October, TSMC forecast fourthquarter revenue in a range of between 26.1 billion to 26.9 billion.

For December alone, TSMC reported revenue jumped 57.8 yearonyear to T278.16 billion.

The company did not provide details in its brief revenue statement.

Other Taiwan…