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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.
