TSMC Stock Rises. There's Life in Chip Stocks After All.

📆 10/6/2023 9:03 AM
📰 MarketWatch

⏱ Reading Time:
28 sec. here
2 min. at publisher
📊 Quality Score:
News: 15%
Publisher: 97%

Business News News

Business Business Latest News,Business Business Headlines

Taiwan Semiconductor Manufacturing makes the main processors inside Apple iPhones, Qualcomm mobile chipsets, and processors made by Advanced Micro Devices.

Taiwan Semiconductor Manufacturing’s latest monthly sales suggest the chip maker is doing better than expected.

The world’s largest third-party semiconductor chip manufacturer announced its sales numbers for September on Friday. TSMC’s revenue for the month fell 13% from the prior year and dropped 4.4% from August. TSMC’s monthly reports indicate its quarterly sales came to 546.7 billion Taiwanese dollars, or around $17.0 billion. Analysts had forecast sales of 534.8 billion Taiwanese dollars, according to a FactSet consensus. TSMC makes the main processors inside Apple iPhones, Qualcomm mobile chipsets, and processors made by Advanced Micro Devices .

Write Comment

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:

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

BlackBerry stock rises on announcement of planned IPO of its IoT businessInternet-of-Things unit accounted for $49 million out company’s $132 million in sales this past quarter
Source: MarketWatch - 🏆 3. / 97 Read more »

Microsoft Corp. stock rises Thursday, outperforms marketSupported by world-class markets data from Dow Jones and FactSet, and partnering with Automated Insights, MarketWatch Automation brings you the latest, most pertinent content at record speed and with unparalleled accuracy.
Source: MarketWatch - 🏆 3. / 97 Read more »