Chip giant TSMC reported record-high revenue for 2024, including a massive US$27 billion in the fourth quarter. Chair and CEO C.C. Wei is also downplaying concerns about new U.S. export controls on AI chips.
Category
🗞
NewsTranscript
00:00The world's largest chipmaker has reported record earnings for its last quarter of 2024,
00:05making it the company's biggest year yet. At its earnings conference here in Taipei,
00:10TSMC reported fourth-quarter revenue of nearly 27 billion U.S. dollars, a nearly 39 percent
00:16increase over the same period last year, while net income increased nearly 60 percent.
00:212024 was eventful for Taiwan's largest company, which saw big progress on its expansion in
00:26countries like the U.S. and Japan. It's responsible for producing more than 90 percent of the world's
00:32most advanced chips. And TSMC says that chips for high-performance computing,
00:36driven largely by AI, was by far its biggest area of growth last year.
00:41But there have also been hiccups. The company was found to have violated U.S. export controls
00:45when its chips were found in a processor made by Chinese tech company Huawei.
00:50And overnight, the U.S. announced a fresh round of regulations,
00:53which many believe are aimed at preventing such incidents from happening again.
00:57However, Chairman and CEO C.C. Wei said they do not expect the controls to significantly
01:02impact their operations. Wei also responded to news that Taiwan appears to have lifted
01:07restrictions on its most advanced two-nanometer production outside of Taiwan, perhaps allowing
01:13production at its Arizona fab, and whether the next advancement in chips might premiere
01:17in its overseas facilities.
01:42The company is dealing with both record growth and political uncertainty,
01:46but it's optimistic that its winning streak can continue.