TSMC revenue surges 34% to record in 2024 amid AI chip boom

Sales of Foxconn and other key Nvidia suppliers also hit all-time highs last year

202501010 TSMC

TSMC makes the majority of global AI computing chips for market leaders such as Nvidia, Broadcom, AMD, Amazon and Google. © Reuters

CHENG TING-FANG and LAULY LI, Nikkei Asia tech correspondents

TAIPEI -- Taiwan Semiconductor Manufacturing Co.'s revenue surged 33.9% in 2024 from the previous year, driven by the boom in demand for AI chips from Nvidia and Broadcom along with massive investments by Microsoft, Amazon and Google.

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