TSMC’s Q4 Revenue Beats Expectations at $26.36 Billion

Taiwan Semiconductor Manufacturing Co., Ltd. (TSMC) reported fourth-quarter revenue of $26.36 billion on Friday, boosted by demand for artificial intelligence. Analysts had expected revenue of $25.9 billion, according to Reuters.

TSMC is the world’s largest maker of semiconductor parts made to customer specifications. The company is a major supplier to companies including Apple Inc. and Nvidia Inc.

In its latest earnings report in October, TSMC forecast fourth-quarter revenue in the range of $26.1 billion to $26.9 billion.

In December alone, TSMC reported revenue up 57.8 percent year-on-year to $278.16 billion Taiwan dollars.