TSMC Posts Q4 Revenue Beating Estimates on AI Boom

Financial Performance - TSMC posted fourth-quarter revenue of NT$868.46 billion ($26.35 billion), beating the NT$854.82 billion consensus estimate [2] - The company's 2024 revenue surged 34$2.89 trillion compared to 2023 [2][4] Market Reaction - TSMC shares rose 1.25% in premarket trading following the earnings report [1] - The stock increased 1.5% in premarket trading after the announcement [4] Industry Context - TSMC benefits from the artificial intelligence (AI) boom, supplying tech giants like Apple and Nvidia [1][2] - Foxconn, another Taiwanese company, also reported record fourth-quarter revenue driven by strong demand for AI servers [3] Business Operations - TSMC is the world's largest contract chip manufacturer [1][4] - The company supplies major technology companies including Apple and Nvidia [2]