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AI热潮驱动,台积电Q4净利润暴增57%

Driven by the AI boom, Taiwan Semiconductor's net income surged by 57% in Q4.

Golden10 Data ·  Jan 16 08:28

Taiwan Semiconductor (TSM.N)'s revenue and profit in the December quarter of 2023 exceeded Analyst expectations, boosted by the AI craze.

In the December quarter of 2023, Taiwan Semiconductor's revenue grew by 38.8% year-on-year, reaching 868.46 billion New Taiwan dollars, and net income grew by 57.0%, reaching 374.68 billion New Taiwan dollars.

The following is a comparison of Taiwan Semiconductor's fourth-quarter financial performance with LSEG consensus expectations:

Net revenue: 868.46 billion New Taiwan dollars (approximately 26.36 billion USD), market expectation was 850.08 billion New Taiwan dollars.

Net income: 374.68 billion New Taiwan dollars, market expectation was 366.61 billion New Taiwan dollars.

Taiwan Semiconductor's revenue in the December quarter of 2023 increased by 38.8% compared to the same period last year, and net income grew by 57%. The company previously expected fourth-quarter revenue to be between 26.1 billion USD and 26.9 billion USD.

As the largest semiconductor foundry in the world, Taiwan Semiconductor manufactures advanced processors for clients including NVIDIA (NVDA.O) and Apple (AAPL.O), benefiting from the significant trend of AI technology.

Taiwan Semiconductor's High-Performance Computing (HPC) division, including AI and 5G applications, is the main driver of sales growth in the fourth quarter, contributing 53% of revenue. This division's revenue increased by 19% compared to the previous quarter.

The demand for AI Chips surged in the fourth quarter beyond expectations, said Brady Wang, Deputy Director at Counterpoint Research, adding that the demand for advanced chips from Apple's latest iPhone 16 model also contributed to revenue growth.

Taiwan Semiconductor released its revenue data for December last week, with a total revenue of 2.9 trillion new Taiwan dollars for the entire year of 2024, setting a sales record since the company went public in 1994.

We observed strong AI-related demand from customers in 2024, stated Chief Financial Officer and Vice President Huang Jen-Sung during the earnings report conference call on Thursday, adding that the revenue from AI accelerator products will account for 'nearly single-digit percentages' of total revenue in 2024.

Even with over three times growth already in 2024, we expect AI accelerator revenue to double again in 2025, as the strong growth in AI-related demand will continue to be a key driving force for AI applications, Huang added.

However, Taiwan Semiconductor may face challenges in 2025 from the USA's export controls on China and uncertainties related to the upcoming trade policy of President Donald Trump.

Trump will take office next week, threatening to impose broad tariffs on imported commodities and previously accusing Taiwan of 'stealing' American chip business.

Nevertheless, Wang from Counterpoint predicts that 2025 will be another strong year for Taiwan Semiconductor, benefiting from the robust growth in AI application demand, with significant revenue growth expected in both categories and quantities.

The translation is provided by third-party software.


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