Taiwan Semiconductor Manufacturing Co., the largest semiconductor foundry in the world, reported Thursday that its revenue jumped 26.7% to $20.5 billion in Q4 2022 year over year.
The company also declared that for the same period of time, gross profit rose 68.7% from a year ago and diluted earnings per share came in at NT$11.41 ($1.82 per ADR unit).
"Moving into first quarter 2023, as overall macroeconomic conditions remain weak, we expect our business to be further impacted by continued end market demand softness, and customers' further inventory adjustment," Wendell Huang, VP and Chief Financial Officer of TSMC, said.
