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Taiwan Semiconductor Posts Q4 Beat & Robust Guidance; Shares Pop 5.3%

January 15, 2022
Source: smarteranalyst.com smarteranalyst.com
News Snapshot:
(adsbygoogle = window.adsbygoogle || []).push({}); Taiwan Semiconductor Posts Q4 Beat & Robust Guidance; Shares Pop 5.3% Devina Lohia- January 14, 2022, 9:40 AM EDT SHARE ON: This article was originally published on TipRanks.com Taiwan Semiconductor (NYSE: TSM) gained 5.3% on January 13 to close at $139.19, after the semiconductor contract manufacturing and design company delivered a blowout fourth-quarter results, and introduced its guidance for the first quarter of FY2022, well above the analysts’ expectations. The quarterly beat was driven by robust demand induced by COVID-19 for the company’s chips, especially its industry-leading 5-nanometer technology amid the growing use of smartphones,...
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