Taiwan Semiconductor Manufacturing Co. said Thursday its net profit and sales hit record highs in 2022, rising 70.4 percent and 42.6 percent, respectively, from a year earlier on solid demand for smartphone chips.
The world's largest contract chipmaker logged a net profit of NT$1.02 trillion ($33.5 billion) and sales of NT$2.26 trillion in the business year through December.
As for the last quarter of 2022, TSMC said its net profit rose 78.0 percent from the same period a year earlier to NT$295.9 billion, while sales increased 42.8 percent to NT$625.5 billion.
