RTTNews | Jan 13, 2022 01:33AM EST

01:32 Thursday, January 13, 2022 (RTTNews.com) - Taiwan Semiconductor Manufacturing Company Limited or TSMC (TSM) on Thursday posted a rise in net income for the fourth quarter, amidst an increase in revenue.

The Hsinchu-headquartered firm posted a net income of NT$166.23 billion or NT$6.41 per share, for December quarter, compared to NT$142.76 billion or NT$5.51 per share, posted for the same period a year ago.

For the final quarter of 2021, the company's income from operations moved up by 16.3 percent to NT$182.77 billion, on year-on-year basis.

During the quarter, gross margin was 52.7 percent, operating margin was 41.7 percent, and net profit margin was 37.9 percent, the company reported.

TSMC also recorded a rise in its revenue by 21.2 percent to NT$438.18 billion for the fourth quarter.

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