TSMC has reported a higher than predicted Q4 revenue increase, chiefly because of demand for AI processors such as those in the iPhone.
A worker passing a TSMC sign
A worker passing a TSMC sign
Two years after TSMC had a dramatic drop in revenue, its latest report says that AI demand has proven to be a huge boost. According to Reuters the company saw a 20.45% year over year increase in fourth-quarter revenue.
TSMC will not publish its full earnings report until January 15, 2025, when it is also to provide guidance for both the current quarter and the full year. That guidance will include capital expenditure plans and revenue forecasts.