Taiwan chipmaker and major Apple supplier TSMC reported fourth-quarter revenue on Wednesday that beat both the company’s and market’s expectations.
Revenue in the final three months of last year came in at T$625.5 billion ($20.10 billion), according to Reuters calculations, compared with $19.93 billion in the year-ago period.
That beat Taiwan Semiconductor Manufacturing Co’s (TSMC) previous prediction for fourth-quarter revenue being in a range of between $18.8-19.6 billion, and also beat an LSEG SmartEstimate of T$617.1 billion drawn from 21 analysts.
TSMC, Asia’s most valuable publicly listed company with a market capitalisation of $491 billion, did not provide any details or forward guidance in its brief revenue statement.
MacDailyNews Note: Apple is currently trading down 78-cents (-0.42%) in premarket trading at $184.36.
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Presidential election coming this Saturday in Taiwan (Friday in the US). Will the choice of the Taiwanese people further provoke China to attack Taiwan? Is Joe on top of this situation? Will Apple to switch to Samsung chips for iPhones, iPads and Macs if China takes Taiwan? Elections have consequences, as they say.