TSMC reports record 2024 revenue, driven by AI and smartphone chip demand, exceeding $87.8 billion.

TSMC, the world's largest chipmaker, reported record revenue for 2024, driven by the booming AI market and strong demand for smartphone semiconductors. The company's fourth-quarter revenue hit $26.3 billion, a 38.8% increase from the previous year, surpassing analyst expectations. TSMC's annual revenue reached $87.8 billion, its highest since going public in 1994. The surge is largely due to increased orders from clients like Nvidia for AI chips. Despite geopolitical tensions, TSMC plans to expand its production facilities in the U.S. and Japan.

January 10, 2025
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