TAI: Fourth-quarter net loss per share shrinks to TWD 0.16; targets 20% AI 3D Foundry revenue by 2029

Taiwan Semiconductor Manufacturing Company (TSMC 6770-TW) released its FY2025 Q4 results, reporting a net loss of TWD 6.54 billion, or TWD 0.16 per share, compared to TWD 27.28 billion, or TWD 1.12 per share, in the prior quarter. The improvement followed pricing gains in DRAM and favorable exchange rates, along with a net gain of TWD 4.9 billion from its collaboration with Tata Electronics in India. Management forecasts pricing increases in Q1 2026 as memory price gaps persist, and a joint venture with Micron (MU) is advancing. Under the agreement, TSMC expects a TWD 18 billion contribution to reduce debt and maintain its high-bandwidth memory (HBM) backend capabilities for Micron. Micron's contribution to TSMC's results is not expected until 2027. TSMC's internal target is for the AI 3D Foundry segment to contribute 20% of revenue by 2029.