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By Kosaku Narioka
Taiwan Semiconductor Production Co. reported Monday that its revenue fell 15% in March from a yr before, marking the to start with fall in approximately 4 several years.
TSMC said that revenue fell to 145.41 billion new Taiwan bucks (US$4.78 billion) from NT$171.97 billion in March 2022. That is its initial every month revenue drop because May perhaps 2019.
Initially-quarter profits rose 3.6% from a yr previously to NT$508.63 billion (US$16.73 billion).
In January, TSMC Main Financial Officer Wendell Huang had reported that business in the first quarter would probably be influenced by softness in conclusion-marketplace demand from customers and customers’ inventory adjustment as macroeconomic situations remained weak.
TSMC had projected 1st-quarter income of involving US$16.7 billion and US$17.5 billion, down from US$19.93 billion in the fourth quarter.
Compose to Kosaku Narioka at [email protected]
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