TSMC reports record profit and expects significant revenue growth due to high chip demand

From Investing.com: 2025-01-16 02:55:35

Taiwan Semiconductor Manufacturing Co reported record quarterly profit and expects significant revenue growth due to high demand for chips used in AI processing. Net income jumped 57% to $11.4 billion, with revenue climbing 39%. It predicts 37% revenue growth in the current quarter and plans to increase capital spending by up to 41% to meet AI demand. The company faces challenges from U.S. technology restrictions on China and potential import tariffs under the new administration. TSMC is investing billions in new factories, including $65 billion in Arizona. The AI boom has driven up the company’s stock price by 81% last year.



Read more at Investing.com: TSMC logs record quarterly profit, sees hefty revenue growth in early 2025 By Reuters