The Taiwanese company announced that the company’s revenue in the fourth quarter reached 625.5 billion Taiwan dollars (18.2 billion euros), exactly the same period last year. Profits were worse: net profit was 238.7 billion Taiwan dollars (7 billion euros), down 19.3% on an annual basis. At the same time, profit fell less than feared. While the net profit margin was 38.2%, the gross margin was 53%.
CC Wei, CEO of TSMC, cautiously predicted that sales revenue could grow by at least 20% this year. He added that now the intermediate ebb has been overcome and the company could be back on the path to growth. The chipmaker’s results are important because they reflect potential demand for both smartphone sales and advances in artificial intelligence. One of the company’s most important customers is Apple, but TSMC sees the development of artificial intelligence as the next growth engine in the future.
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2024-01-18 18:15:00
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