TSMC beats profit and revenue expectations in the fourth quarter

(CNBC) TSMC reported revenue slipped 1.5% from a year ago to NT$625.53 billion, while net income dropped 19.3% from a year ago to NT$238.71 billion. That compares with TSMC’s guidance for fourth-quarter revenue between $18.8 billion and $19.6 billion. TSMC counts  Apple and  Nvidia  among its biggest clients. TSMC produces the most advanced processors found in Apple’s iPhones.

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