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Amid a challenging month, Taiwan Semiconductor Manufacturing’s (NYSE:TSM) net revenue for December 2023 took an 8.4% year-over-year spill, landing at NT$176.30B.
The semiconductor giant, a crucial chip supplier to tech behemoths like Apple (AAPL) and Nvidia (NVDA), weathered a 14.4% quarterly revenue descent (November 2023), racking up NT$206.03B.
The fourth-quarter revenue, clocking in at NT$625.5B ($20.10B), surpassed expectations, as noted in a Reuters report. Comparatively, the company had seen $19.93B in revenue during the same period in 2022.
During its third-quarter results in October 2023, TSM had projected fourth-quarter revenue to fall between $18.8B and $19.6B. The consensus revenue estimate for the quarter stands at $19.76B.
Revenue for the full year 2023 totaled NT$2.162T, down 4.5% from the previous year.
The Taiwanese chipmaker, buoyed by the surge in artificial intelligence applications, is slated to unveil its detailed fourth-quarter earnings on Jan. 18.
Meanwhile, Samsung Electronics (OTCPK:SSNLF) has shared preliminary data on its fourth-quarter operating profit, expecting roughly a 35% year-over-year decline.
TSM experienced a premarket downtick of 0.19% to $101.70 on Jan. 10
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