Taiwan Semiconductor Manufacturing Co. (NYSE:TSM) on Friday delivered stronger-than-expected results on a monthly and quarterly basis, with December-quarter revenue exceeding market forecasts.
The contract chipmaker generated about 1.05 trillion New Taiwanese dollars ($33.1 billion) in revenue during the October–December period, marking roughly 20.5% growth from a year earlier and surpassing the analyst consensus estimate of 1.02 trillion New Taiwanese dollars.
The result landed within the company’s previously issued guidance range of $32.2 billion to $33.4 billion.
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