Taiwan Semiconductor Manufacturing Co.  TSMC , the world's largest contract chipmaker, reported a fourth-quarter revenue of T$625.5 billion  $20.10 billion .For December alone, TSMC reported a year-on-year revenue decline of 8.4  to T$176.3 billion, down 14.4  from the previous month. We continue to have a more optimistic outlook for 2024 around servers, PCs, and handsets  TSMC's most significant end markets . also favoring TSMC and with little threat to TSMC's dominance in leading nodes through 2024 into 2025, we see no reason to deviate from our positive stance on the name. Taiwan Semiconductor Manufacturing Co.  TSMC , the world's largest contract chipmaker, reported a fourth-quarter revenue of T$625.5 billion  $20.10 billion . The Q4 revenue also surpassed TSMC's previous forecast of $18.8-19.6 billion.For December alone, TSMC reported a year-on-year revenue decline of 8.4  to T$176.3 billion, down 14.4  from the previous month. We continue to have a more optimistic outlook for 2024 around servers, PCs, and handsets  TSMC's most significant end markets . also favoring TSMC and with little threat to TSMC's dominance in leading nodes through 2024 into 2025, we see no reason to deviate from our positive stance on the name. Taiwan Semiconductor Manufacturing Co.  TSMC , the world's largest contract chipmaker, reported a fourth-quarter revenue of T$625.5 billion  $20.10 billion . The Q4 revenue also surpassed TSMC's previous forecast of $18.8-19.6 billion.For December alone, TSMC reported a year-on-year revenue decline of 8.4  to T$176.3 billion, down 14.4  from the previous month. We continue to have a more optimistic outlook for 2024 around servers, PCs, and handsets  TSMC's most significant end markets . also favoring TSMC and with little threat to TSMC's dominance in leading nodes through 2024 into 2025, we see no reason to deviate from our positive stance on the name. Taiwan Semiconductor Manufacturing Co.  TSMC , the world's largest contract chipmaker, reported a fourth-quarter revenue of T$625.5 billion  $20.10 billion . The Q4 revenue also surpassed TSMC's previous forecast of $18.8-19.6 billion.For December alone, TSMC reported a year-on-year revenue decline of 8.4  to T$176.3 billion, down 14.4  from the previous month. We continue to have a more optimistic outlook for 2024 around servers, PCs, and handsets  TSMC's most significant end markets . also favoring TSMC and with little threat to TSMC's dominance in leading nodes through 2024 into 2025, we see no reason to deviate from our positive stance on the name. Taiwan Semiconductor Manufacturing Co.  TSMC , the world's largest contract chipmaker, reported a fourth-quarter revenue of T$625.5 billion  $20.10 billion . The Q4 revenue also surpassed TSMC's previous forecast of $18.8-19.6 billion.
TSMC, the world's largest contract chipmaker, reported a fourth-quarter revenue of $20.10 billion, surpassing its previous forecast. Despite a year-on-year revenue decline of 8.4% in December, TSMC remains optimistic about 2024 due to strong demand in servers, PCs, and handsets.