TSMC's Q4 Revenue Beats Expectations Amid AI Chip Demand

Despite a drop in December sales, the company sees potential recovery driven by demand for AI chips, while leadership change looms.

TSMC's Q4 revenue of $20.2 billion, while flat year-on-year, beat both the company's and market's expectations.
Despite a drop in sales for December, demand for AI chips is expected to drive a recovery in demand.
TSMC's high-performance computing business has been boosted by demand for Nvidia and Advanced Micro Devices's AI chips.
Chinese chipmaker SMIC has developed a cutting-edge chip for Huawei, surpassing the 5nm process barrier despite U.S. restrictions.
TSMC's incumbent chairman, Mark Liu, is set to step down in the coming months, with the board recommending current CEO and Vice Chairman C.C. Wei as his successor.