Chip Stocks Drop After Report Says TSMC Is Concerned About Slowing Demand

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Chip Stocks Drop After Report Says TSMC Is Concerned About Slowing Demand
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The company has told large chip-equipment suppliers to delay some deliveries, according to a new report.

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Taiwan Semiconductor Manufacturing, the world’s largest third-party semiconductor manufacturer, has told suppliers to delay some deliveries amid concerns about slowing chip demand, according to a new report Friday.

TSMC didn’t immediately respond to a request for comment. Last week, the company said its August revenue fell 13.5% from last year and rose 6.2% from the prior month.

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