TSMC is making headlines again with its AI exploits. The world’s largest chipmaker raked in 868.5 billion New Taiwan dollars ($26.3 billion) in revenue for

The news comes in the same week that independent journalist Tim Culpan reported that the chipmaker has secured a second Apple product for production at its Arizona fab, with the previously reported AMD product now being named as the Ryzen 9000, codenamed Grand Rapids.

Taiwan Semiconductor Manufacturing Co. posted fourth-quarter revenue that beat Wall Street estimates as the company keeps gaining from the artificial intelligence (AI) boom.

TSMC’s market value nearly doubled last year, and it now trades in the US at a valuation close to US$1.1 trillion. However, some investors worry about when the AI boom would peter out. While TSMC’s revenue beat, it was just 1.6 percent higher than the average projection and fell short of the most bullish analyst expectations.

TSMC's Q4 2024 revenue surges 34.4%, driven by AI demand. For December alone, TSMC reported a revenue increase of 57.8%.

Boldly going Nvidia and TSMC have developed a silicon photonics-based chip prototype, according to a recent report from the Taiwanese press. Silicon photonics merges photonic circuits with traditional electronic circuits to surpass physical limitations in semiconductor fabrication.

TSMC, the world's largest contract chipmaker, on Friday reported fourth-quarter revenue of T$868.42 billion ($26.36 billion), according to Reuters calculations, easily beating a market forecast, as the company reaps the benefit from artificial intelligence demand.

The strong AI momentum has more than doubled TSMC's sales since 2020, solidifying its position as a critical supplier in the semiconductor ecosystem. TSMC's stock has mirrored its operational success, soaring 81% over the past year and far outpacing the broader market's 28.5% gain.

KEY TAKEAWAYSChip stocks surged in intraday trading Monday after Taiwan's Foxconn posted record fourth-quarter revenue, driven by the boom in artificial intelligence (AI) demand.Foxconn, whose formal name is Hon Hai Precision Industry,

Taiwan Semiconductor Manufacturing Co.’s quarterly sales topped estimates, reinforcing investor hopes that the torrid pace of AI hardware spending will extend into 2025.

Stock up 105% in the past year: The monthly revenue report is a taster of things to come, with Q4 earnings due 16 January. The combination of the December revenue and latest guidance already shows investors the high demand for artificial intelligence chips and services may well continue into 2025.