Taiwan Semiconductor Manufacturing Co. (NYSE: TSM) reported revenues of NT$222.71 billion for the month of November up 5.9% month-over-month and an increase of 50.2% year-over-year.
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The chip maker’s revenues for January through November 2022 totaled NT$2,071.33 billion, up 44.6% from the same period last year.
Earlier this week, TSM announced that it was more than tripling its investment in its Arizona plant in the U.S. to $40 billion.
Wall Street analysts are bullish about TSM stock with a Strong Buy consensus rating based on a unanimous six Buys.
