Taiwan chip giant reports unexpected jump in Q1 earnings
TSMC says despite the unexpected jump in its Q1 earnings, the company’s Q2 performance will be impacted by slowing consumer demand. – AFP pic, April 20, 2023.
CHIP behemoth Taiwan Semiconductor Manufacturing Company reported an unexpected jump in first-quarter profits today, tempering concerns it would be hit by a slowdown in global demand. TSMC operates the world’s largest silicon wafer factories and produces some of the most advanced microchips used in everything from smartphones and cars to missiles.
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