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STORY: TSMC easily beat market forecasts with its fourth-quarter sales.

The world's largest contract chipmaker saw revenue hit $26.36 billion according to Reuters calculations.

That means growth boomed more than a third year-on-year.

The Taiwan company scored big from demand for artificial intelligence.

Its customers include Apple and Nvidia, and it's been at the forefront of the march towards AI.

TSMC reported revenue jumped almost 58% year-on-year for December alone.

The company did not provide details in its brief revenue statement.

Other Taiwan companies have also reported strong fourth-quarter revenue due to the AI boom.

IPhone assembler Foxconn beat expectations to post its highest-ever revenue for the final three months of last year.

TSMC will report full fourth-quarter earnings next week, when it will update its outlook for the current quarter and full year.

The company's stock leapt 81% last year, but closed flat on Friday ahead of the release of the revenue numbers.