TSM - Taiwan Semi Announces Major Global Expansion and Capital Investment Plans for 2024 After Q4 Beat | Benzinga
Taiwan Semiconductor Manufacturing Company Ltd (NYSE:TSM) reported a fourth-quarter revenue of $19.62 billion, down by 1.5% year-on-year, beating the consensus of $19.45 billion. EPS of $1.44 beat the consensus of $1.37.
In the fourth quarter, shipments of 5 nm accounted for 35% of total wafer revenue, and 7 nm accounted for 17%.
Advanced technologies, defined as 7 nm and more, accounted for 67% of total wafer revenue. The 3 nm accounted for 15% of total wafer revenue.
The gross margin contracted by 920 bps to 53.0% due to lower capacity utilization and higher electricity costs. The operating margin declined by 1,040 bps ...