https://ift.tt/M8NCyTf Defies Broader Industry Downturn, Posts 78 Percent Rise in Q4 Net Profit: All Details - Level tech

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Thursday, January 12, 2023

https://ift.tt/M8NCyTf Defies Broader Industry Downturn, Posts 78 Percent Rise in Q4 Net Profit: All Details

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TSMC on Thursday reported a 78 percent rise in fourth quarter profit, as the world's largest contract chipmaker and a major Apple supplier saw its net Q4 profit hit a record TWD 295.9 billion (roughly Rs. 77,570 crore) amid a broader industry downturn. The firm's dominance in making some of the world's most advanced chips has kept its order book full, analysts said.TSMC on Thursday reported a 78 percent rise in fourth quarter profit, as the world's largest contract chipmaker and a major Apple supplier saw its net Q4 profit hit a record TWD 295.9 billion (roughly Rs. 77,570 crore) amid a broader industry downturn. The firm's dominance in making some of the world's most advanced chips has kept its order book full, analysts said.

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