HSINCHU - TSMC (TWSE: 2330, NYSE: TSM) today announced consolidated revenue of
Year-over-year, fourth quarter revenue increased 42.8% while net income and diluted EPS both increased 78.0%. Compared to third quarter 2022, fourth quarter results represented a 2.0% increase in revenue and a 5.4% increase in net income.
In US dollars, fourth quarter revenue was
Gross margin for the quarter was 62.2%, operating margin was 52.0%, and net profit margin was 47.3%.
In the fourth quarter, shipments of 5-nanometer accounted for 32% of total wafer revenue; 7-nanometer accounted for 22%. Advanced technologies, defined as 7-nanometer and more advanced technologies, accounted for 54% of total wafer revenue.
'Our fourth quarter business was dampened by end market demand softness, and customers' inventory adjustment, despite the continued ramp-up for our industry-leading 5nm technologies,' said
Based on the Company's current business outlook, management expects the overall performance for first quarter 2023 to be as follows: Revenue is expected to be between
The management further expects the 2023 capital budget to be between
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