TSMC is in the chips. Literally. The world's largest independent foundry just reported a 16.1% year-over-year gain in fourth-quarter earnings to the equivalent of $3.88 billion USD. That topped analysts' estimates calling for Q4 net of $3.72 billion USD. Revenue grew 10.6% on an annual basis to $10.39 billion USD during the quarter. That figure topped the company's own forecast of $10.2 billion-$10.3 billion USD but fell short of analysts' expectations of $10.55 billion USD.
If you're not sure what TSMC does and why the company is so important to tech manufacturers, ...
Friday, 17 January 2020
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GSMArena.com
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