Major Apple supplier TSMC Q4 profit up 78%, beats market expectations

Taiwanese chipmaker and major Apple supplier TSMC posted a 78% increase in fourth-quarter net profit on Thursday, as strong sales of advanced chips, a prime example being Apple Silicon, helped it defy a broader industry downturn affecting cheaper commodity chips.

Major Apple supplier TSMC Q4 profit up 78%, beats market expectations
iPhone News
12-01-2023 12:53

TSMC saw net profit for the October-December period rise to T$295.9 billion ($9.72 billion) from T$166.2 billion a year earlier.

That compared with the T$289.44 billion average of 21 analyst estimates compiled by Refinitiv. ($1 = 30.4420 Taiwan dollars)

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