Taiwan chip giant reports unexpected jump in Q1 earnings | The Malaysian Insight

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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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