Home / Business / TSMC’s Q4 earnings jump 23%, exceeding market estimates.

TSMC’s Q4 earnings jump 23%, exceeding market estimates.

Taipei, Jan 14 (Reuters)Taiwan Semiconductor Manufacturing Co Ltd (TSMC) 2330. It posted a 23 percent rise in quarterly profits on Thursday, Reuters calculations show it was driven by demand for devices requiring high-end chips as a pandemic forced people to work from where. Home and for Apple’s new iPhone.

October-December net profit for TSMC TSM.NThe world’s largest chipmaker is valued at $ 142.8 billion ($ 5.10 billion), compared with the $ 135.39 billion average of 22 analysts compiled by Refinitiv.

($ 1 = 28.0050 Taiwan dollars)

(Reporting by Yimou Lee and Ben Blanchard; Compiled by Christopher Cushing and Himani Sarkar)

((yimou.lee@thomsonreuters.com; + 886-909-894-91

9; Reuters message: yimou.lee.reuters.com@reuters.net / Twitter: https://twitter.com/YimouLee))

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