- TSMC reported fourth-quarter revenue slipped 1.5% from a year ago to NT$625.53 billion, while net income dropped 19.3% from a year ago to NT$238.71 billion.
- TSMC counts Apple and Nvidia among its biggest clients. TSMC produces the most advanced processors found in Apple’s iPhones.
The world’s largest contract chipmaker Taiwan Semiconductor Manufacturing Company on Thursday posted better-than-expected profit and revenue on the back of weaker macroeconomic conditions.
Here are TSMC’s fourth-quarter results versus LSEG consensus estimates:
- Revenue: 625.53 billion New Taiwan dollars ($19.62 billion), vs. NT$618.31 billion expected
- Net income: NT$238.71 billion, vs. NT$225.22 billion expected
Revenue slipped 1.5% from a year ago to NT$625.53 billion, while net income dropped 19.3% from a year ago to NT$238.71 billion. That compares with TSMC’s guidance for fourth-quarter revenue between $18.8 billion and $19.6 billion.
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