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

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 9 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 7%
  • Publisher: 97%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

The company has told large chip-equipment suppliers to delay some deliveries, according to a new report.

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.

 

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:

 /  🏆 3. in MY

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

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

Nvidia, AMD, Other Chip Stocks Boosted by Arm IPOThe semiconductor designer priced its U.S. initial public offering at $51 a share, the top of the expected range, which gives the company a market value of...
Source: MarketWatch - 🏆 3. / 97 Read more »

Nvidia, AMD, Other Chip Stocks Boosted Ahead of Arm Trading DebutThe semiconductor designer priced its U.S. initial public offering at $51 a share, the top of the expected range, which gives the company a market value of...
Source: MarketWatch - 🏆 3. / 97 Read more »

S&P 500, Dow futures rise on rate-pause hopes; chip equipment, auto stocks drag By ReutersS&P 500, Dow futures rise on rate-pause hopes; chip equipment, auto stocks drag
Source: Investingcom - 🏆 450. / 53 Read more »

Wall St opens lower as chip-equipment, auto stocks fall By ReutersWall St opens lower as chip-equipment, auto stocks fall
Source: Investingcom - 🏆 450. / 53 Read more »

UAW strike trade fades, as GM and Ford stocks turn higher and Tesla shares dropSo much for the Big 3 automakers’ labor strike spooking investors, as shares of General Motors Co. and Ford Motor Co. both turned positive moments after...
Source: MarketWatch - 🏆 3. / 97 Read more »

Japanese stocks rise for second session as Hong Kong stocks gainAsia-Pacific stocks mostly rose Friday, Sept. 15, as the Hong Kong and Japanese markets climbed for the second session. Hong Kong stocks added, with the Hang...
Source: MarketWatch - 🏆 3. / 97 Read more »