Taiwan Semiconductor Manufacturing (TSM) has released an update.
Taiwan Semiconductor Manufacturing Company Ltd. (TSMC) has published its 2023 financial results, revealing a net income of NT$838,498 million under Taiwan-IFRSs with earnings per share of NT$32.34. In contrast, using IFRSs as issued by the IASB for its U.S. SEC filing, TSMC showed a slightly higher net income of NT$851,740 million and earnings per share of NT$32.85. The primary discrepancy between the two reporting standards is attributed to the timing of tax recognition on unearned income.
For further insights into TSM stock, check out TipRanks’ Stock Analysis page.
