TSMC’s This autumn revenue rises 57% to a document, in step with forecast

TAIPEI (Reuters) – Taiwanese chipmaker TSMC stated fourth-quarter internet revenue rose 57% to a document on Thursday, in step with expectations, because it advantages from surging demand for semiconductors utilized in synthetic intelligence processing.

Taiwan Semiconductor Manufacturing (TSMC), the world’s largest contract chipmaker and a significant Apple (NASDAQ:AAPL) and Nvidia (NASDAQ:NVDA) provider, noticed October to December internet revenue rise to T$374.68 billion ($11.38 billion) from T$238.7 billion a yr earlier.

The revenue was broadly in step with a T$377.95 billion LSEG SmartEstimate, which is weighted towards forecasts from analysts who’re extra constantly correct.

($1 = 32.9330 Taiwan {dollars})