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StockNews.com
StockNews.com
Business
Mangeet Kaur Bouns

THE TRUTH ABOUT: 1 semiconductor stock that will be a big winner in 2023 - The Untold Story

Headquartered in Hsinchu City, Taiwan, Taiwan Semiconductor Manufacturing Company Limited (TSM) provides integrated circuits and other semiconductor devices internationally.

Although the company’s business was dampened by end-market demand weakness and customers’ inventory adjustment, its fourth-quarter revenue increased by 42.8%, while net income and EPS both grew by 78%. Its gross margin for the quarter was 62.2%, operating margin was 52%, and net profit margin was 47.3%.

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