TSMC beats sales estimates as it continues to improve AI chips


The logo of Taiwan Semiconductor Manufacturing Company is displayed on a screen on the floor of the New York Stock Exchange, September 26, 2023.

Brendan McDermid | Reuters

A Taiwanese semiconductor company reported December quarter revenue that topped analyst estimates as the company continues to benefit from the artificial intelligence boom.

The world's largest chipmaker reported revenue of NT$868.5 billion ($26.3 billion) in the fourth quarter, up 38.8% year-on-year, according to CNBC calculations.

That topped the Refinitiv consensus estimate of New Taiwan's $850.1 billion.

TSMC produces semiconductors for several of the world's largest companies, including: Apple AND Nvidia.

This story is being updated. Check back for more information.



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