Taiwan Semiconductor Manufacturing Co. (TSMC) has outperformed expectations in its fourth-quarter revenue, despite a decline in sales of smartphone and laptop chips. The demand from artificial intelligence (AI) players has played a significant role in offsetting the sluggish chip sales.
TSMC, the major chip manufacturer for Apple Inc. and Nvidia Corp., recorded sales of NT$176.3 billion ($5.7 billion) in December, contributing to a total revenue of NT$625.5 billion for the quarter. This figure matches the earnings from the same period the previous year, which were considered one of TSMC’s highest quarterly results.
While analysts had estimated sales to reach NT$616.2 billion for the last three months, TSMC exceeded that forecast. The boost in revenue comes as a result of increased demand from AI players, who continue to explore and expand their technological capabilities.
Despite challenges in the smartphone and laptop chip market, TSMC’s ability to adapt and cater to the evolving needs of the AI industry has proven to be crucial. The company’s dedication to innovation and partnerships in the AI field has allowed it to maintain steady growth and mitigate the impact of slower chip sales.
TSMC’s impressive performance in the fourth quarter is a testament to its resilience and market position as a leading chip manufacturer. As the demand for AI applications continues to rise, TSMC’s expertise and capabilities in chip fabrication positions it well to capitalize on this growing market in the future.
The source of the article is from the blog tvbzorg.com