Business

TSMC's Profits Skyrocket: A Deep Dive into the Semiconductor Giant's Stellar Earnings

Record-Breaking Revenue and Soaring Profits

Taiwan Semiconductor Manufacturing Company Ltd. (TSMC) is set to unveil its fourth-quarter earnings, with analysts predicting a robust finish to the fiscal year. This optimism is fueled by the relentless global demand for semiconductors, a trend significantly bolstered by the artificial intelligence boom of the previous year.

Unprecedented Growth and Future Investments

Last week, TSMC announced a staggering 58% year-over-year increase in quarterly revenue, reaching $26.4 billion and surpassing market expectations. The company's annual revenue also saw a remarkable 34% rise compared to 2023. With net income expected to jump by 58% to approximately $11.4 billion, TSMC is not just riding the wave of current success but is also planning for an ambitious future. The tech behemoth aims to exceed $30 billion in capital expenditure by 2025, with plans to construct ten new facilities to meet the growing demand.

Stock Market Triumph

Reflecting its financial health and market confidence, TSMC's stock has experienced a meteoric rise, soaring 99% over the past year and an additional 8.7% in the last six months alone.