$Taiwan Semiconductor (TSM.US)$ Profit exceeded expectations...

$Taiwan Semiconductor (TSM.US)$ Profit exceeded expectations: TSM achieved gross profit of $8.29 billion in the fourth quarter, up 8.6% sequentially. Net profit reached a record $6.011 billion, up 16.4% YoY. Gross margin for the quarter was 52.7%, operating profit margin was 41.7% and net profit margin was 37.9%.

TSM also issued new earnings guidance: expected revenue of $16.6-17.2 billion (market expectation of $15.8 billion) and gross margin of 53-55% (market expectation of 51.8%) for the first quarter of 2022.