TAIPEI : Taiwanese chipmaker TSMC is expected to post a 5 per cent fall in first-quarter net profit on Thursday, with global economic woes denting demand for semiconductors used in everything from cars to advanced computing extending into the current quarter.
But momentum may pick up as early as the third quarter, he added, corresponding with the improved outlooks for that quarter projected by Apple, Nvidia Corp and Advanced Micro Devices Inc, some of TSMC's biggest customers. TSMC said in January its capital spending in 2023 would decrease to between $32 billion and $36 billion from $36.3 billion in 2022.
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