TSMC Q4 profit rises 16.4% to a record, beats market forecasts

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Net profit for October-December at Taiwan Semiconductor Manufacturing Co Ltd (TSMC), the world’s largest contract chipmaker and a major Apple Inc (NASDAQ:AAPL) supplier, rose to T$166.2 billion ($6.01 billion) from T$142.8 billion a year earlier.

That was higher than the T$161.6 billion average of 22 analyst estimates compiled by Refinitiv.

($1 = 27.6400 Taiwan dollars)