TSMC's Taipei-listed shares slide 6% on global chip outlook concerns
The Star Online - Tech·2024-04-19 11:00
TAIPEI (Reuters) -Taipei-listed shares of TSMC fell more than 6% on Friday following the company's first-quarter earnings report where it retained its capex and full-year revenue guidance and flagged only a gradual recovery for the chip sector.
Taiwan Semiconductor Manufacturing Co (TSMC), the world's largest contract chipmaker and a major Apple and Nvidia supplier, forecast on Thursday second-quarter sales may rise as much as 30% as it rides a wave of demand for semiconductors used in artificial intelligence (AI) applications. Its first-quarter profit also beat estimates.
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