Foxconn reported 15% sales growth in Q4 2024, to $63.9 billion, a number that CNBC characterized as “bumper sales performance.” The implied strong demand for AI semiconductor chips launched shares of Taiwan Semiconductor Manufacturing Company (NYSE: TSM) to an all-time high at Monday’s opening bell. Shares of KLA (NASDAQ: KLAC) and Lam Research (NASDAQ: LRCX), both of which supply semiconductor manufacturing equipment to TSMC, are doing even better, up 5% and 5.8%, respectively.
