Tag: $TSMC

TSMC posted a third quarter profit of NT$211 billion on Thursday – its largest profit decline since the first quarter of 2019 – as weak demand for consumer electronics persists.

Taiwan Semiconductor Manufacturing’s latest monthly sales suggest the chip maker is doing better than expected.

TSMC plans to invest almost $90 billion New Taiwan dollars (about $2.87 billion) in an advanced chip packaging plant in Taiwan to capitalize on the artificial intelligence boom.

.

TSMC reported revenue slipped 10% from a year ago to NT$480.84 billion, while net income fell 23.3% from a year ago to NT$181.8 billion.