TAIPEI (Taiwan News) — TSMC announced its 2024 fourth-quarter and full-year results at an investor conference on Thursday, with revenue and profits hitting new records for both Q4 and the full year.   

TSMC's Q4 revenue reached NT$885.5 billion (US$26.88 billion), hitting the high end of the expected range of US$26.1 billion to US$26.9 billion. This was driven by growth in high-performance computing, smartphones, and automotive platforms, per CNA.

Full-year revenue reached NT$2.89 trillion, with a net profit of NT$1.17 trillion, marking a year-over-year increase of 39.9%. Earnings per share stood at NT$45.25 (US$1.37), up nearly 40% from 2023, setting a new all-time high.

TSMC's advanced manufacturing processes, including 3 nm, 5 nm, and 7 nm technologies, accounted for 74% of total wafer revenue in Q4. The 3 nm process contributed 26%, the 5 nm process 34%, and the 7 nm process 14%.

The company's Q4 gross profit margin rose to 59%, reaching the high end of the expected 57% to 59% range, a 1.2 percentage point rise from Q3. Net profit for the quarter reached NT$374.68 billion, with an EPS of NT$14.45.

TSMC achieved a full-year gross profit margin of 56.1% in 2024, a 1.7 percentage point increase compared to 2023. The company's capital expenditures totaled US$29.8 billion last year and are projected to rise from US$38 billion to US$42 billion this year, a 27.5% to 41% increase, per CNA.

Seventy percent of the capital spending will go toward advanced process technologies, 10% to 20% will be allocated to specialty technologies, and another 10% to 20% will fund advanced packaging, testing, and photomasks. The company stated it remains committed to maintaining a stable dividend policy despite higher expenditures.