Taiwan Semiconductor Manufacturing Co. 4Q Net TWD166.2B >2330.TW

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By Kosaku Narioka
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Taiwan Semiconductor Manufacturing Co.’s fourth-quarter net profit rose 16% from a year ago, driven by strong demand for chips used in computers and smartphones.

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The world’s largest contract chip maker said on Thursday that net profit rose to 166.23 billion New Taiwan dollars (US$6.01 billion) for the quarter ended December 31, up from NT$142.77 billion a year ago. This beat estimates of NT$161.12 billion from a poll of analysts by S&P Global Market Intelligence.

Fourth quarter revenue jumped 21% from a year ago to NT$438.19 billion.

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Quarterly revenue and net profit both marked new record highs.

The company’s revenue from smartphones grew 7% from the previous quarter, while revenue from high-performance computing grew 3%.

TSMC said revenue from customers in North America accounted for 66% of fourth-quarter revenue, up from 65% in the third quarter, while revenue from China accounted for 12% of the total, up from 11% in the previous quarter.

The company’s operating profit margin fell 1.8 percentage points from a year earlier to 41.7%.

TSMC said it spent US$30.04 billion in capital expenditure in 2021. The company said last April that it would invest US$100 billion over the next three years to increase production capacity as demand picks up.

Write to Kosaku Narioka at [email protected]

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