Taiwan Semiconductor Manufacturing Company (TSM, Financial) witnessed a pre-market decline of over 1%, with shares priced at $175.3. The dip comes after TSMC released its revenue figures for February, reporting consolidated sales of approximately TWD 260 billion. This marks a month-over-month decrease of 11.3%, but a significant year-on-year increase of 43.1%.
For the first two months of the year, TSMC reported a total revenue of around TWD 553.3 billion, indicating a robust annual growth rate of 39.2%. The figures highlight a strong yearly performance, despite the monthly decline.
