TAIPEI - Taiwan Semiconductor Manufacturing Co. (TSMC), the world's largest contract chipmaker, reported a net income of NT$238.7 billion ($7.6 billion) for the fourth quarter, a minor decline from previous year T$295.9 billion income, but still exceeding market forecasts of T$226.4 billion. The company saw a steady revenue stream with NT$625.53 billion for the quarter, maintaining its robust performance despite a decrease from the previous year's profits.
The impressive results have been largely driven by a surge in demand for artificial intelligence (AI) chips, particularly from key customer Nvidia (NASDAQ:NVDA). Additionally, TSMC's advanced technologies, including the N3 process node, have bolstered its market position. The company is optimistic about its future, expecting to achieve a 53% gross margin as it continues to develop and roll out the next-generation N2 process nodes.
The semiconductor industry is beginning to show signs of recovery, and TSMC's latest financial figures reflect its strong foothold in AI semiconductor technologies.
$1 = 31.5550 Taiwan dollars
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