(Sharecast News) - Taiwanese semiconductor giant TSMC reported on Friday that revenues slipped slightly in December but grew strongly year-on-year, propped up by an ongoing surge in demand for advanced chips.

The company, formally known as Taiwan Semiconductor Manufacturng Company, is a contract chipmaker for the likes of Apple, Nvidia and AMD, and has been benefitting from soaring demand for AI chips and high-performance computing.

TSMC reported December revenues of NT$335bn (£7.9bn), down 2.5% when compared with November but 20.4% higher than December 2024.

Revenues for the fourth quarter as a whole totalled NT$1.046trn (£24.7bn), also up 20.4% over the corresponding period the year before.

That helped drive annual sales up 31.6% to NT$3.809trn (£89.9bn) in 2025, up 31.6% over the previous year.