Summary by Futu AI
Taiwan Semiconductor Manufacturing Company Ltd. (TSMC) reported its fourth quarter earnings for the period ending December 31, 2023. The company announced a consolidated revenue of NT$625.53 billion and a net income of NT$238.71 billion, with a diluted earnings per share (EPS) of NT$9.21. This translates to a 19.3% decrease in both net income and diluted EPS year-over-year, while revenue remained flat. Compared to the third quarter of 2023, there was a 14.4% increase in revenue and a 13.1% increase in net income. Gross margin stood at 53.0%, with operating and net profit margins at 41.6% and 38.2%, respectively. Advanced technologies, such as 3-nanometer and 5-nanometer processes, contributed significantly to the revenue. CFO Wendell Huang highlighted the strong performance of the company's 3-nanometer technology. For the first...Show More