TSMC, the leading contract chip manufacturer globally, announced its fourth-quarter revenue on Friday, totaling T$868.42 billion ($26.36 billion), as reported by Reuters. This figure significantly surpassed market expectations, driven by strong demand for artificial intelligence technologies.

An LSEG SmartEstimate, based on the insights of 23 analysts, had anticipated fourth-quarter revenue of T$853.57 billion.

Taiwan Semiconductor Manufacturing Co (TSMC) serves as a key supplier for major companies such as Apple and Nvidia.