Taiwan Semiconductor Manufacturing Company reported fourth-quarter revenue and net income, exceeding estimates. Revenue jumped over 38%, while profit rose 57% year-over-year to record highs, driven by surging demand for AI and 5G chips. High-performance computing contributed 53% of revenue, up 19% from the prior quarter. TSMC faces potential challenges from U.S. restrictions on semiconductor exports to China and upcoming trade policy changes under President-elect Donald Trump. TSMC shares gained over 80% in 2024 and rose over 3% on Thursday.
