Shares of Taiwan Semiconductor (NYSE:TSM) moved higher by 2.9% in pre-market trading after the company reported Q4 results.
Earnings per share rose 32.88% over the past year to $0.97, which beat the estimate of $0.94.
Revenue of $12,676,000,000 rose by 21.95% year over year, which missed the estimate of $12,910,000,000.
Q1 revenue expected to be between $12,700,000,000 and $13,000,000,000.
How To Listen To The Conference Call
Date: Jan 14, 2021
Time: 01:00 AM
52-week high: $126.29
52-week low: $42.70
Price action over last quarter: Up 41.96%
Taiwan Semiconductor Manufacturing Company, or TSMC, is the world’s largest dedicated chip foundry, with over 50% market share in 2019 per Gartner. TSMC was founded in 1987 as a joint venture of Philips, the government of Taiwan, and private investors. It went public as an ADR in the U.S. in 1997. TSMC’s scale and high-quality technology allow the firm to generate solid operating margins, even in the highly competitive foundry business. Furthermore, the shift to the fabless business model has created tailwinds for TSMC. The foundry leader has an illustrious customer base, including Apple and Nvidia, that looks to apply cutting-edge process technologies to its semiconductor designs.