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StockNews.com
StockNews.com
Business
Mangeet Kaur Bouns

1 Semiconductor Stock That Will Be a Big Winner in 2023

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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