Taiwanese chipmaker TSMC posted a 78% rise in fourth-quarter net profit on Thursday, posting yet another quarterly record, as strong sales of advanced chips helped it defy a broader industry downturn that battered cheaper commodity chips.
A logo of Taiwan Semiconductor Manufacturing Co is seen at its headquarters in Hsinchu, Taiwan August 31, 2018. Picture taken August 31, 2018. REUTERS/Tyrone Siu/File PhotoQ4 revenue up 26.7% on year at $19.93 blnposted a 78% rise in fourth-quarter net profit on Thursday, posting yet another quarterly record, as strong sales of advanced chips helped it defy a broader industry downturn that battered cheaper commodity chips.
supplier, saw net profit for October-December hit a record T$295.9 billion from T$166.2 billion a year earlier.TSMC's business has been boosted by a global chip shortage sparked by pandemic-fuelled sales of smartphones and laptops. While the shortage has eased, analysts said dominance in making some of the world's most advanced chips has kept the firm's order book full.
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