Tag: $TSMC

TSMC reported fourth-quarter revenue slipped 1.5% from a year ago to NT$625.53 billion, while net income dropped 19.3% from a year ago to NT$238.71 billion. 

Shares of Apple suppliers fall in Asia on Wednesday after Barclays downgraded Apple on concerns of demand weakness.

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.

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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.