1112 GMT - Taiwan Semiconductor Manufacturing Co.'s fourth-quarter figures and 2025 guidance are ahead of market forecasts, Barclays Capital analysts write in a note to clients. "Our take is TSMC has more than reassured on all fronts," they say. The world's largest contract chip maker guided for close to mid-20% growth in sales this year on strong artificial-intelligence demand compared with consensus of roughly 22% growth, the analysts note. TSMC also guided for a 2025 capital budget between $38 billion and $42 billion, ahead of consensus of $35.6 billion. TSMC shares closed 3.8% higher in Taiwan at 1,105.00 New Taiwan dollars ($33.56). (mauro.orru@wsj.com)
(END) Dow Jones Newswires
January 16, 2025 06:12 ET (11:12 GMT)
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