TSMC tops estimates, bucking trend as industry cools

  • 📰 TechCentral
  • ⏱ Reading Time:
  • 24 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 71%

Business News News

Business Business Latest News,Business Business Headlines

Taiwan's TSMC reported quarterly profit that exceeded analysts’ estimates, even as the chip industry braces for a potential recession.

quarterly profit that exceeded analysts’ estimates, using its clout to boost earnings even as the chip industry braces for a potential recession and tighter US trade controls.

Net income climbed 78% to NT$295.9-billion for the quarter ended December, TSMC said on Thursday. Analysts estimated NT$287.8-billion on average. Revenue advanced 43% to NT$625.5-billion as previously reported — the first miss in two years.The world’s biggest contract manufacturer of chips last year reduced its capital expenditure plans by about 10%, spending $36.3-billion, and some analysts have warned it may further delay outlay on expansion in 2023.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 8. in BUSİNESS

Business Business Latest News, Business Business Headlines