TSMC December sales surge 58% as AI demand remains strong

Investing.com-- TSMC (NYSE:TSM ) clocked a sharp increase in its sales for December as the world’s biggest contract chipmaker continued to see robust demand from the fast-growing artificial intelligence industry.

Sales rose 57.8% year-on-year to T$278.16 billion ($8.44 billion), TSMC said in a statement on Friday. The pace of growth also picked up sharply from the prior month,. 

The figure brought TSMC’s fourth-quarter revenue to T$868.46 billion, up substantially from the T$625.53 seen in the prior year. 

The strong sales set a positive tone for chip demand going into 2025, as TSMC continued to benefit from heightened capital expenditure on data centers and other AI-related infrastructure. This trend has largely offset weakness in chip demand from consumer electronics, which TSMC warned is unlikely to improve in the near-term.

The chipmaker is a key part of the global chip supply chain, and manufactures chips for several major technology companies. AI darling NVIDIA Corporation (NASDAQ:NVDA ) is TSMC’s biggest customer, and has been a key source of AI-fueled demand over the past two years. 

TSMC will report its fourth-quarter earnings next week.

 

Source: Investing.com