The world’s largest contract chip producer thinks a turnaround within the semiconductor market is lastly close to. Demand associated to synthetic intelligence may even be a long-term enhance—one that’s already bumping up in opposition to provide constraints.
The stock buildup within the semiconductor provide chain has weighed on Taiwan Semiconductor Manufacturing Co. for the previous few quarters. On Thursday it reported an 11% year-on-year decline in income for the quarter led to September. Web revenue fell 25%. However each got here out forward of analysts’ forecasts on S&P International Market Intelligence.
Copyright ©2023 Dow Jones & Firm, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
