TSMC's fourth-quarter revenue handily beats market forecast
ReutersJan 10, 2025 5:37 AM
TAIPEI, Jan 10 (Reuters) - 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.
An LSEG SmartEstimate, drawn from 23 analysts, had predicted fourth-quarter revenue of T$853.57 billion.
Taiwan Semiconductor Manufacturing Co (TSMC) 2330.TW is a major supplier to companies including Apple AAPL.O and Nvidia NVDA.O.
($1 = 32.9530 Taiwan dollars)
(Reporting by Ben Blanchard and Faith Hung; Editing by Tom Hogue)
((ben.blanchard@thomsonreuters.com;))
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