TSMC logs record quarterly profit, sees hefty revenue growth in early 2025
Published On Jan 16, 2025, 3:32 AM
Taiwan Semiconductor Manufacturing Company (TSMC) has achieved record quarterly profits, reporting a net income increase of 57% compared to the previous year, reaching approximately $11.4 billion. The company anticipates substantial revenue growth, expecting a 37% rise for the first quarter of 2025, driven by increased demand for chips, particularly for artificial intelligence applications. Despite the robust growth and expansion plans, TSMC faces potential challenges from U.S. technology export restrictions to China and uncertainties regarding trade policies under the new U.S. administration.
Stock Forecasts
TSM
Positive
Given TSMC's strong quarterly performance and expectations of continued revenue growth, particularly in the AI sector, the outlook for TSMC remains promising. The demand for their chips is expected to remain high, bolstered by AI advancements. Despite facing some regulatory challenges, TSMC's proactive measures to address potential impacts suggest resilience.
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