Netflix’s Bid for Warner Bros Discovery Aims to Cut Streaming Costs and Reshape the Industry 
GM Issues Recall for 2026 Chevrolet Silverado Trucks Over Missing Owner Manuals 
Taiwan Opposition Criticizes Plan to Block Chinese App Rednote Over Security Concerns 
Apple Alerts EU Regulators That Apple Ads and Maps Meet DMA Gatekeeper Thresholds 
Apple Leads Singles’ Day Smartphone Sales as iPhone 17 Demand Surges 
Trump Administration to Secure Equity Stake in Pat Gelsinger’s XLight Startup 
Sam Altman Reportedly Explored Funding for Rocket Venture in Potential Challenge to SpaceX 
Microchip Technology Boosts Q3 Outlook on Strong Bookings Momentum 
Visa to Move European Headquarters to London’s Canary Wharf 
Coupang Apologizes After Massive Data Breach Affecting 33.7 Million Users 
Amazon and Google Launch New Multicloud Networking Service to Boost High-Speed Cloud Connectivity 
OpenAI Moves to Acquire Neptune as It Expands AI Training Capabilities 
ExxonMobil to Shut Older Singapore Steam Cracker Amid Global Petrochemical Downturn 
Senate Sets December 8 Vote on Trump’s NASA Nominee Jared Isaacman 
Magnum Audit Flags Governance Issues at Ben & Jerry’s Foundation Ahead of Spin-Off 
Hikvision Challenges FCC Rule Tightening Restrictions on Chinese Telecom Equipment 
Quantum Systems Projects Revenue Surge as It Eyes IPO or Private Sale 
Taiwan Semiconductor Manufacturing Co. (TSMC) posted a stronger-than-expected Q4 profit, fueled by rising demand for AI-driven advanced chips. The world's largest contract chipmaker recorded a 57% jump in net income, reaching T$374.68 billion ($11.6 billion), surpassing Bloomberg's estimate of T$369.84 billion. Quarterly earnings per share stood at $2.24 on revenue of T$868.46 billion, a 39% year-over-year increase, driven by strong sales of TSMC's advanced 3-nanometer chips.
Looking ahead, TSMC forecasts Q1 2025 revenue between $25 billion and $28 billion, citing softer seasonal smartphone demand and fluctuating AI investment. CFO Wendell Huang predicts a slight improvement in capacity utilization in 2025. To meet growing AI demand, TSMC plans to significantly boost 2025 capital expenditures to $38-$42 billion, up from $29.8 billion in 2024, allocating 70% to advanced process technologies.
CEO CC Wei expects 2025 revenue growth of around 20% in dollar terms, propelled by sustained AI demand. TSMC continues to benefit from major customers like NVIDIA and Apple, whose investments in AI infrastructure, particularly data centers, have bolstered TSMC’s revenue.
Despite its robust growth, TSMC faces potential challenges, including stricter U.S. restrictions on advanced chip and AI technology exports to China. This follows scrutiny after reports that its advanced chips were shipped to Huawei, a blacklisted Chinese tech giant, in late 2024.
TSMC remains a vital player in the global chip industry and a key barometer for AI demand, with its strategic investments positioning it for continued growth amid evolving market dynamics.
