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.

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.