Taiwan Semiconductor Manufacturing Company has reported record earnings, indicating that demand for AI chips remains strong. TSMC, the world's largest contract semiconductor manufacturer, reported Thursday that its net income increased 57% year-over-year to NT$374.68 billion, or $11.6 billion. Revenue between October and December increased by 37% from the year-ago period to $26.88 billion. It was up 14.4% from the previous quarter.
Almost three-quarters of TSMC revenue from its wafer category came from what the company defines as its "advanced technologies" - all chips measuring 7 nanometers or smaller. Nvidia's new flagship AI chip, Blackwell, uses 4-nanometer chips manufactured by TSMC. In an earnings statement, Wendell Huang, senior VP and chief financial officer at TSMC, said that its results were "supported by strong demand" for its most advanced chips - those measuring 3 nanometers and 5 nanometers.
"Moving into first quarter 2025, we expect our business to be impacted by smartphone seasonality, partially offset by continued growth in AI-related demand," Huang said. In 2024, 35% of TSMC's revenue came from smartphones, while 51% came from high-performance computing.
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