TSMC sees semiconductor bounce as Q1 revenues rise 16.5%

Semiconductor giant TSMC looks to have rebounded from last year’s doldrums with revenue up 16.5 percent for the first quarter of this year, compared with the same period in 2023. Taiwan's chip manufacturing titan disclosed in its monthly revenue report for March that its total revenue earned since the start of the year …

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Poor TSMC in 2023

In a statement, TSMC said it recorded about NT$838.50 billion (US$26.53 billion) in net profit last year, an annual drop of 17.5 percent, while its earnings per share was NT$32.34, compared with NT$39.20 a year earlier.

TSMC's gross margin -- the difference between revenue and the cost of goods sold -- fell 5.2 percentage points in 2023 from a year earlier to 54.4 percent, with its consolidated sales showing a 4.5 percent annual decline to NT$2.16 trillion.

In the fourth quarter of last year earlier to 54.4 percent, with its consolidated sales showing a 4.5 percent annual decline to NT$2.16 trillion.

Hard to feel sympathy for them when they are making so much.