Hsinchu, Taiwan-based Taiwan Semiconductor Manufacturing Company Limited (TSM) is one of the biggest semiconductor manufacturers in the world, controlling 54% of global market share. With a $567.15 billion market cap, TSM is the ninth most valuable company in the world. Also, TSM is the most valuable publicly traded company in Asia. The company has strengthened its position in the global semiconductor industry with massive capital investments and accelerated sales amid the current chip shortage.
For its fiscal 2021 fourth quarter, ended December 31, 2021, TSM’s revenues increased 21.2% year-over-year to $15.74 billion. Its income from operations was $6.56 billion, up 16.3% from the same period last year. Its net income improved 16.5% from the prior-year quarter to $6.03 billion, surpassing the S&P Global Market Intelligence consensus estimate of $5.84 billion. And its earnings per ADR stood at $1.15, outperforming the Factset consensus estimate of $1.12.
