TSMC Halts Sales Declines After AI Demand Offsets Chip Malaise
- Chipmaker’s holiday period stopped bleeding of prior quarters
- TSMC has advised cautious optimism about semiconductor rebound
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Taiwan Semiconductor Manufacturing Co.’s fourth-quarter revenue beat estimates of a decline, as demand from artificial intelligence players helped offset sluggish smartphone and laptop chip sales.
Hsinchu-based TSMC, the main chipmaker to Apple Inc. and Nvidia Corp., reported December sales of NT$176.3 billion ($5.7 billion), completing a NT$625.5 billion quarter. That matched earnings from the same period a year earlier, which was among TSMC’s highest quarterly results. The average analyst estimate for sales over the last three months was NT$616.2 billion.