Chips that are powerful enough to run AI servers are in high demand, helping propel Taiwan Semiconductor Manufacturing’s stellar financial results. Shares of Taiwan Semiconductor Manufacturing Co. (TSMC) are up in premarket trading Thursday after the company announced its Q4 2024 earnings results.

U.S.-listed shares of Taiwan Semiconductor Manufacturing Co. rose in premarket trading Thursday after the world's largest contract chip manufacturer posted better-than-expected fourth-quarter profit and a bullish outlook for artificial intelligence demand.

Taiwan Semiconductor Manufacturing Company ( TSM, Financial) shares jumped nearly 4% on Thursday after the company posted strong fourth-quarter earnings. The semiconductor giant reported a net income of $11.59 billion and an EPS of $2.24. The results beat Wall Street expectations, with analysts' expectations for EPS of $2.16.

Taiwan Semiconductor Manufacturing Co reported a 57% leap in fourth-quarter profit on Thursday as demand surges for advanced chips used in artificial intelligence processing. The world's largest contract chipmaker,

Taiwan Semiconductor Manufacturing Co. (TSMC) posted a stronger-than-expected Q4 profit, fueled by rising demand for AI-driven advanced chips. The worlds largest contract chipmaker recorded a 57% jump in net income,

For Q1 2025, TSMC expects revenue between $25 billion and $25.8 billion, ahead of analyst estimates of $24.4 billion. TSMC's Arizona fab entered high-volume production in Q4 2024 using 4nm technology, with yields comparable to its Taiwan plants. The company remains on track with its second and third Arizona fabs, Wei confirms.

TSMC is set to report a net profit of T$377.95 billion ($11.44 billion) for the quarter ended Dec. 31, according to a LSEG SmartEstimate drawn from 22 analysts. SmartEstimates give greater weighting to forecasts from analysts who are more consistently accurate.