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TSMC's Third-Quarter Profit Falls on Weaker Demand for Smartphones, High-Speed Computing -- Update

Por: MarketWatch Business October 19, 2023

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Net profit increased 16% from the second quarter. Third-quarter revenue fell 11% from a year earlier to NT$546.73 billion, though it climbed 14% from the previous quarter. The chip maker has been facing a sales slump in recent months as clients clear their inventory. That followed a period of strong growth as the pandemic drove higher demand for smartphones and data centers. The company's operating profit margin deteriorated to 41.7%, down... + full article



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