(AOF) – The semiconductor sector in Europe is trending well thanks to a less pronounced decline than expected in TSMC’s profits. In Paris, STMicroelectronics (+2.12% to 39.71 euros) and Soitec (+4.35% to 139.25 euros) are among the main increases in the SBF 120 index. If the Taiwanese founder recorded a decline of 19.3% of its net profit in the fourth quarter to 238.7 billion Taiwan dollars (6.92 billion euros), the LSEG SmartEstimate consensus was lower: 226.4 billion Taiwan dollars.
At the same time, its revenue fell 1.5% to 19.62 billion US dollars.
In the first quarter, its sales are anticipated between 18 and 18.8 billion US dollars and the operating margin between 40% and 42%. The consensus stands at 18.2 billion for revenue.
TSMC’s turnover should experience growth of between 20% and 25% this year, its boss said during a conference with analysts, reports Bloomberg. Its investments are expected between 28 and 32 billion dollars.