Shares & Derivatives
TSMC Delivers Record High Q4 2024 Profit: Shares Rise 4%
By TradingKey  •  January 16, 2025
TradingKey - For semiconductor companies, there’s a lot of expectation heading into the latest earnings season as the Artificial Intelligence (AI) hype continues. With the world’s largest manufacturer of semiconductors – Taiwan Semiconductor Manufacturing Co Ltd (NYSE: TSM) – first up in terms of reporting, all eyes were on the largest foundry company to see whether the AI revolution was still ongoing. TSMC reported its latest results on Thursday (16 January) afternoon, after the Taiwan stock market had closed but before the open of the US market. In pre-market trading, TSMC’s New York-listed ADRs are up 4% as the company beat expectations for its quarterly results. Here’s what investors should know about the latest numbers from this crucial chip giant. Revenue driven by AI demand The market was broadly aware of overall revenue for the period heading into the earnings release but the official number from TSMC for Q4 2024...
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By TradingKey
TradingKey is a comprehensive financial education and news analysis website, providing real-time market data, financial news coverage across commodities, cryptocurrencies and more, as well as professional trading courses.
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