by Kosaku Narioka
Taiwan Semiconductor Manufacturing Co. is scheduled to present fourth-quarter results on Thursday. Here is what you need to know:
Net profit forecast: TSMC’s net profit for the quarter ended December 31, up 13% from a year ago to 161.12 billion new Taiwan dollars (US$5.82 billion), according to a survey of analysts at S&P Global Market Intelligence is expected to be. , This compares with a net profit of NT$142.77 billion a year ago.
Revenue growth: TSMC’s fourth quarter revenue grew 21% from a year ago to NT$438.19 billion, based on company-reported monthly revenue sums.
what to watch:
–CAPEX: TSMC said in April 2021 that it would invest US$100 billion over the next three years to increase production capacity as demand picks up. Investors are eyeing any amendments to its capital expenditure plans.
–Chip Cycle: Some analysts say inventory correction for chips used in smart phones could happen soon. Investors are focusing on TSMC management’s views on order trends and a potential industry slowdown.
Write to Kosaku Narioka at [email protected]