Loader.my.id– TSMC (NYSE:) clocked a pointy building up in its gross sales for December as the sector’s greatest contract chipmaker persevered to look powerful call for 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 observation on Friday. The tempo of expansion additionally picked up sharply from the prior month,.
The determine introduced TSMC’s fourth-quarter earnings to T$868.46 billion, up considerably from the T$625.53 noticed within the prior 12 months.
The robust gross sales set a favorable tone for chip call for going into 2025, as TSMC persevered to take pleasure in heightened capital expenditure on knowledge facilities and different AI-related infrastructure. This pattern has in large part offset weak point in chip call for from client electronics, which TSMC warned is not likely to make stronger 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 generation corporations. AI darling NVIDIA Company (NASDAQ:) is TSMC’s greatest buyer, and has been a key supply of AI-fueled call for during the last two years.
TSMC will record its fourth-quarter income subsequent week.
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