Taiwan Semi sees chip demand

The world's biggest contract chipmaker posted Q4 earnings per American depositary receipt of 28 cents, up 40% from a year ago and in line with analyst estimates. Revenue climbed 31% to $4.49 bil. Taiwan Semiconductor Manufacturing (TSM), which has an IBD Composite Rating of 98, an EPS Rating of 90 and a Relative Strength Rating of 86, cited demand from the brisk sales of smartphones and tablets. It guided Q1 revenue of $4.43 billion, up 24% and topping views. Shares rose 2.6% to 18.26.