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Taiwan Semiconductor Manufacturing Co (NYSE:TSM): Current Price $18.03
Taiwan Semiconductor Manufacturing Co (NYSE:TSM) reported a 32% jump in fourth-quarter profit driven by increased demand for semiconductors used in mobile devices from Apple and Samsung Electronics. Net income rose to $41.6 billion, in line with consensus, while revenue was up 25% to $131 billion. Gross margin was 47.2% and operating margin 35.2%. For Q1, the company has forecast sales in the range of $127 billion-$129 billion on which it expects gross margin in the range 43.5%-45.5%.