“We forecast the overall semiconductor market excluding memory to increase by more than 10% in 2024, while foundry industry growth is forecast to be approximately 20%. For TSMC, we expect our full-year 2024 revenue to increase by low- to mid-20s percent in U.S. dollar terms.”

C.C. WeiCEO

CEO, TSMC

TSMC did comfortably outgrow the foundry industry, but it beat its own guidance: 2024 revenue was US$90.08 billion, up 30% in U.S. dollar terms, above the low- to mid-20s percent range (TSMC raised the guidance twice during the year).