During the final quarter of last year, TSMC’s net profit jumped 16.1 percent to NT$116.04 billion (US$3.87 billion), compared with NT$99.98 billion in the same period the previous year. That prompted the company to raise its long-term revenue growth estimate, saying that growth would approach the high end of a 5 to 10 percent compound annual growth rate in the long run. “We are confident that we can outperform the foundry sector’s revenue growth by several percentage points in US dollar terms,” TSMC chief executive officer C.C. “We need to increase capital spending as we are working closely with customers to fulfill their demand,” he said. Gross margin climbed to 50.2 percent, compared with 47.7 percent the previous year and 47.6 percent in the previous quarter.

Source: Taipei Times January 16, 2020 15:56 UTC