Analysts anticipate Taiwan Semiconductor Manufacturing Co. (TSMC) will announce a record fourth-quarter net profit. Forecasts suggest a 27% increase, reaching T$475.2 billion ($15.02 billion).
This significant growth stems primarily from soaring demand for advanced chips used in artificial intelligence infrastructure. TSMC also credits the high utilization of its 3-nanometer technology.
Major clients, including Apple, support this utilization with orders for the iPhone lineup. The official earnings report is scheduled for Thursday, January 15, and positive forecasts have already led some analysts to raise their price targets for TSMC stock.