Taiwanese chipmaker TSMC said fourth-quarter net profit rose 57% to a record on Thursday, in line with expectations, as it benefits from surging demand for semiconductors used in artificial intelligence processing.

Shares of Taiwan Semiconductor Manufacturing Co. (TSMC) are up in premarket trading Thursday on strong demand for its advanced chips.

For Q1 2025, TSMC expects revenue between $25 billion and $25.8 billion, ahead of analyst estimates of $24.4 billion. TSMC's Arizona fab entered high-volume production in Q4 2024 using 4nm technology, with yields comparable to its Taiwan plants. The company remains on track with its second and third Arizona fabs, Wei confirms.