Categories: Stock Market News

TSMC December gross sales surge 58% as AI demand stays robust


Investing.com– TSMC (NYSE:TSM) clocked a pointy improve in its gross sales for December because the world’s greatest contract chipmaker continued to see sturdy demand from the fast-growing synthetic intelligence trade.

Gross sales rose 57.8% year-on-year to T$278.16 billion ($8.44 billion), TSMC mentioned in a press release on Friday. The tempo of development additionally picked up sharply from the prior month,.

The determine introduced TSMC’s fourth-quarter income to T$868.46 billion, up considerably from the T$625.53 seen within the prior 12 months.

The robust gross sales set a constructive tone for chip demand going into 2025, as TSMC continued to learn from heightened capital expenditure on knowledge facilities and different AI-related infrastructure. This pattern has largely offset weak spot in chip demand from shopper electronics, which TSMC warned is unlikely to enhance within the near-term.

The chipmaker is a key a part of the worldwide chip provide chain, and manufactures chips for a number of main know-how firms. AI darling NVIDIA Company (NASDAQ:NVDA) is TSMC’s greatest buyer, and has been a key supply of AI-fueled demand over the previous two years.

TSMC will report its fourth-quarter earnings subsequent week.

admin

Share
Published by
admin

Recent Posts

US Economic system Was Already Sputtering Earlier than Commerce Ache Kicked In

(Bloomberg) -- Subscribe to Economics Each day for the newest information and evaluation. After cruising…

2 hours ago

People count on the financial system to bitter — here is when the information may present it

People are feeling more and more downbeat in regards to the financial outlook. Some Wall…

8 hours ago

How Powell may gain advantage Trump as a ‘scapegoat’ if financial system slumps

President Trump backed away from his threats to take away Federal Reserve Chair Jerome Powell.…

8 hours ago

Home GOP Drafts Cuts to Federal Worker Pension System

(Bloomberg) -- Federal worker pension advantages are set to be pared again in Republicans’ big…

9 hours ago

What To Anticipate From Wednesday’s Report On Financial Development

Eric Thayer/Bloomberg by way of Getty Photos The U.S. GDP is anticipated to have grown…

10 hours ago

World breathes sigh of reduction as Trump spares Fed, IMF

By Francesco Canepa, Jan Strupczewski and Leika Kihara WASHINGTON (Reuters) -International policymakers gathering in Washington…

13 hours ago