Taiwan

TSMC Shines with Record Profits Amidst AI Boom: A Look Into the Chip Giant’s Stellar Q4 2024

Taiwan Semiconductor Manufacturing Company (TSMC), the global semiconductor industry’s one of the most renowned player, has proven its conviction and resilience once more. The provider of state-of-the-art and reliable chips integrated with cutting-edge technology, registered a net profit of NT$374.68 billion (approximately $11.38 billion) for Q4 2024—a staggering 57% surge over Q4 2023. This shows the TSMC’s unparalleled strategic excellence. Driving Forces: AI and High-Performance Computing The company generated a large revenue of NT$868.5 billion during the quarter, showing a meaningful 39 percent increase compared to the same quarter of the previous year. Insatiable demand for at least several million advanced semiconductors, particularly those powering artificial intelligence (AI) applications, drove this superb performance. In 2024, TSMC's high-performance computing segment experienced a large revenue increase of 58 percent, whereas its smartphone…