TSMC , the world's largest contract chipmaker, reported on Friday fourth-quarter revenue that easily beat market forecasts and hit its own expectations as it reaped the benefit of artificial intelligence demand.

Taiwan Semiconductor Manufacturing Company (TSM) reports that its revenue for the month of December beat estimates and has risen by over 57% year-over-year, while also announcing its highest revenue print since first going public 30 years ago.

TSMC, the world's largest contract chipmaker, reported on Friday fourth-quarter revenue that easily beat market forecasts and hit its own expectations as it reaped the benefit of artificial intelligence demand.

The strong AI momentum has more than doubled TSMC's sales since 2020, solidifying its position as a critical supplier in the semiconductor ecosystem. TSMC's stock has mirrored its operational success, soaring 81% over the past year and far outpacing the broader market's 28.5% gain.

TSMC is making headlines again with its AI exploits. The world’s largest chipmaker raked in 868.5 billion New Taiwan dollars ($26.3 billion) in revenue for December 2024. That’s a 38.8% jump compared to the same period in 2023.

Taiwan Semiconductor Manufacturing's (NYSE:TSM) revenue for December 2024 surged 57.8% year-over-year to about NT$278.16B, amid a growing demand for AI applications. TSM — which produces chips for some of the world's largest tech companies including Apple (AAPL),

Taiwan Semiconductor Manufacturing Co (TSMC), the world’s largest contract chipmaker, reported robust fourth-quarter revenue growth for 2024, reflecting the accelerating impact of artificial intelligence (AI) on the semiconductor market.