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Home»Latest Posts»TSMC earnings report Q3 2023
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TSMC earnings report Q3 2023

Rudra SharmaBy Rudra SharmaUpdated:No Comments3 Mins Read
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TSMC earnings report Q3 2023
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A person walks previous TSMC’s brand on the firm’s headquarters in Hsinchu, Taiwan.

Sam Yeh | AFP | Getty Photographs

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Taiwan Semiconductor Manufacturing Firm reported a third-quarter revenue of 211 billion New Taiwan {dollars} ($6.69 billion) on Thursday as weak demand for shopper electronics persists. Whereas that was the second straight quarter of revenue declines, the world’s largest contract chipmaker bested analyst expectations.

Listed below are TSMC’s third quarter outcomes versus Refinitiv consensus estimates:

  • Income: 546.73 billion New Taiwan {dollars} ($17.28 billion), vs. NT$540.39 billion anticipated
  • Web revenue: NT$211 billion, vs. NT$191.43 billion anticipated

TSMC reported income slipped 10.83% from a 12 months in the past to NT$546.73 billion, whereas internet revenue fell 24.87% from a 12 months in the past to NT$211 billion. That compares with TSMC’s steering for third-quarter income between $16.7 billion and $17.5 billion.

“Our enterprise was supported by the robust ramp of our industry-leading 3-nanometer expertise and better demand for 5-nanometer applied sciences, partially offset by clients’ ongoing stock adjustment,” stated TSMC in its earnings report.

The chip large stated that income elevated 13.7% within the third quarter as in comparison with the second quarter.

Within the second quarter, the Taiwanese agency reported a decline in quarterly revenue for the primary time in 4 years because of a post-pandemic plunge within the demand for shopper electronics like smartphones and laptops. However analysts have stated inventories at smartphone and laptop makers are operating down and restocking demand is predicted to choose up.

TSMC is the highest producer of the world’s most superior processors. The Taiwanese agency manufactures semiconductors for firms like Apple and Nvidia, which are typically primarily based on Arm structure.

TSMC presently manufactures 3-nanometer chips and plans to begin 2-nanometer mass manufacturing in 2025.

Smartphone market restoration

Canalys knowledge confirmed that the worldwide smartphone market slid simply 1% in third quarter 2023, pointing to a slowdown in its decline. Within the second quarter, the market plummeted 11% in contrast with the identical interval a 12 months in the past.

“Bolstered by regional recoveries and new product improve demand, the smartphone market recorded a double-digit sequential progress in Q3, forward of the gross sales seasons,” stated Canalys in a Tuesday report.

The demand for AI chips pushed has boomed led by the proliferation of enormous language fashions akin to ChatGPT and Chinese language clones. That is bolstered the shares of TSMC, which have surged 19% up to now this 12 months..

Final week, the U.S. prolonged TSMC’s exemption from U.S. commerce sanctions on China, permitting it to proceed transport superior chip tools for its operations there.

That is breaking information. Please verify again for updates.

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Rudra Sharma
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Techcrowder is an imprint of Authority Media dedicated to consumer electronics and digital services. Beyond our expertise in mobile tech, our coverage has expanded to include everything from robot vacuums to streaming services to innovations in artificial intelligence.

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