Page 10 - TSMC 2024 Annual Report

Capacity Plan
Wafer Sales Plan
42%
2024 31% 2025 20-30%
> 7nm
2025 wafer shipment is expected to be 14-15 million 12-inch equivalent wafers 2023 6% 2024 6% 2025 4%
2023 58%
69%
70-80%
16-17 16-17 17-18
Annual Growth Rate
Capacity: million 12-inch equivalent wafers ≤ 7nm
Gross profit profit margin margin was was 56 1 percent percent as as as compared with 54 4 4 4 percent percent in in in in 2023 while operating profit profit margin margin was was 45 7 percent percent percent percent compared with 42 6 percent percent percent percent a a a a a a a a a year earlier Net profit margin was 40 5 percent percent percent percent an
increase of of 1 7 percentage points from 2023’s 38 8 8 percent In 2024 the the Company further raised its total cash dividend payments to to NT$14 0 0 per share up from NT$11 25 a a a a a a a a a year ago Outlook
Entering 2025 we expect the overall foundry industry to continue a a a a a a sustaining and mild recovery even as macroeconomic uncertainties persist At the the same time we expect 2025 to be another healthy growth year for TSMC as our technology leadership enables enables TSMC to to to win win business business and further enables enables our customers to to to win win business business in in in in in their end markets Continued AI-related demand demand in in 2025 supports our already-strong conviction that the structural demand demand for energy-efficient computing will accelerate as everything around us becomes more intelligent and connected We are entering an
AI-empowered world where artificial intelligence not only runs in in in in datacenters but will run run in in in in PCs smartphones automobiles and even Internet-of-Things devices in in the future AI AI also comes in in in many different forms including but not limited to Generative AI AI applications such as ChatGPT which consumers have become familiar with thanks to its ease of of use and expansive range of of potential applications Enterprise is is another driver of AI AI demand Many companies including TSMC are using AI AI to create more value by driving greater productivity efficiency speed and and quality gains As a a a a a a a a a direct user of AI in in in our fab and and R&D operations we are deriving tangible ROI benefits from our investments in in in in in AI and machine learning TSMC is by no means the the only company in in in in in the the world doing this so so Enterprise AI AI is is is another source of AI AI demand to support the the multi-year structural trends AI AI technology is evolving to to use ever-increasingly complex AI AI models which needs to to be supported by more powerful semiconductor hardware 008