TECH - TSMC Stock Gains After Q3 Performance - Here's Why | Benzinga
Taiwan Semiconductor Manufacturing Company Ltd (NYSE: TSM) reported a third-quarter revenue decline of 14.6% year-on-year to $17.28 billion, beating the consensus of $17.07 billion. EPS of $1.29 beat the consensus of $1.17.
In Q3, shipments of 5 nm accounted for 37% of total wafer revenue, and 7- nm accounted for 16%. Advanced technologies, defined as 7-nm and more advanced technologies, accounted for 59% of total wafer revenue.
The gross margin contracted by 610 bps to 54.3% ...