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

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Taiwan Semiconductor reports 16% rise in net profit on strong chip demand

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

The company's revenue from smartphones rose 7% from the previous quarter, while revenue from high-performance computing increased 3%.

 

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