TSMC beats benefit and earnings expectancies within the fourth quarter – The Gentleman Report | World | Business | Science | Technology | Health
Today: Jul 24, 2025

TSMC beats benefit and earnings expectancies within the fourth quarter

TSMC beats benefit and earnings expectancies within the fourth quarter
January 18, 2024



Jakub Porzycki | Nurphoto | Getty ImagesRevenue: 625.53 billion New Taiwan greenbacks ($19.62 billion), vs. NT$618.31 billion expectedNet source of revenue: NT$238.71 billion, vs. NT$225.22 billion expectedTSMC reported earnings slipped 1.5% from a 12 months in the past to NT$625.53 billion, whilst web source of revenue dropped 19.3% from a 12 months in the past to NT$238.71 billion. That compares with TSMC’s steerage for fourth-quarter earnings between $18.8 billion and $19.6 billion.”Within the fourth quarter, earnings greater 14.4% sequentially [from the third quarter], supported by means of the continuing sturdy ramp of our industry-leading 3-nanometer era,” stated TSMC in its fourth-quarter profits document.TSMC counts Apple and Nvidia amongst its greatest shoppers. TSMC produces essentially the most complex processors present in Apple’s iPhones.Right through the company’s profits name on Thursday, CEO C.C. Wei said that 2023 used to be a “difficult 12 months for the worldwide semiconductor {industry}” as a result of macroeconomic stipulations and a listing adjustment cycle.Chipmakers reminiscent of Samsung Electronics and SK Hynix have reported declines in quarterly income because of a post-pandemic plunge within the call for for client electronics like smartphones and laptops. That led to smartphone and PC makers grappling with extra inventories of chips.However analysts say chip inventories at smartphone and PC makers are operating down and be expecting restocking call for to pick out up.Wei stated that regardless of the demanding situations, the company used to be “neatly located to seize top efficiency computing-related enlargement alternatives” from the emerging emergence of generative AI programs in 2023.”We think 2024 to be a wholesome enlargement 12 months for TSMC, supported by means of steady sturdy ramp-up of our industry-leading 3 nanometer applied sciences, sturdy call for for the 5 nanometer applied sciences and strong AI-related call for,” stated Wei.TSMC expects first-quarter earnings to return in between $18 billion and $18.8 billion this 12 months.However he additionally flagged persisting macroeconomic headwinds that might weigh on client sentiment and marketplace call for.”TSMC’s sturdy ramp-up in N3 and AI programs positions it as a significant beneficiary in AI semiconductors,” Brady Wang, affiliate director at Counterpoint Analysis, stated Tuesday. N3 refers to TSMC’s maximum complex node, which produces 3-nanometer chips.”Nanometer” in chips refers back to the measurement of particular person transistors on a chip. The smaller the scale of the transistor, the extra of them will also be packed onto a unmarried semiconductor. As such, smaller nanometer sizes generally yield extra robust and environment friendly chips.”The predicted surge in AI-based PC programs in 2024 underscores TSMC’s a very powerful position, solidifying its dominance and easiest positioning in offering subtle 5-nanometer and 3-nanometer applied sciences for AI-enhanced computing units,” stated Wang in a notice on Jan. 16.TSMC lately manufactures 3-nanometer chips and plans to start out 2-nanometer mass manufacturing by means of 2025.

OpenAI
Author: OpenAI

Don't Miss

Tesla stocks drop sharply after disappointing second-quarter profits

Tesla stocks drop sharply after disappointing second-quarter profits

Tesla’s monetary place is getting worse because the fallout continues from CEO
Sydney Sweeney sparks newest meme inventory rally as American Eagle jumps

Sydney Sweeney sparks newest meme inventory rally as American Eagle jumps

Sydney Sweeney attends the tenth Annual LACMA ART+FILM GALA on the Los