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TSMC Q2 profit falls 23%, beats market expectations

TAIPEI (Reuters) -Taiwanese chipmaker TSMC forecast a 10% drop in 2023 sales on Thursday after reporting a 23% fall in second-quarter earnings as global economic woes dented demand for chips used in applications as varied as cars, cellphones and servers. The world's largest contract chipmaker estimated investment spending for this year at the lower end of a previous estimate of $32-$36 billion amid challenges from rising inflationary costs and an uncertain global economic outlook. Taiwan ...
T Ai Pei Sarah Wu Yimou Lee Ben Blanchard Jacqueline Wong Apple Inc
Source: yahoo.com

Chip giant AMD says AI to be 'mega-trend' for computing world

AI will be the "defining mega-trend" for the global computing industry, the head of chip giant AMD said Thursday in Taiwan, where the majority of the world's semiconductors powering the technology is produced. As a chip design foundry, AMD outsources the production of their microchip designs to Taiwan Semiconductor Manufacturing Company (TSMC), which is headquartered in Hsinchu. 
United States Wendell Huang Lisa Su Mark Liu Taiwan Semiconductor Manufacturing Company Advanced Micro Devices
Source: yahoo.com

TSMC flags 10% fall in 2023 sales, spending at low end of forecast

TAIPEI (Reuters) -Taiwanese chipmaker TSMC forecast a 10% drop in 2023 sales on Thursday after reporting a 23% fall in second-quarter earnings as global economic woes dented demand for chips used in applications as varied as cars, cellphones and servers. The world's largest contract chipmaker estimated investment spending for this year at the lower end of a previous estimate of $32-$36 billion amid challenges from rising inflationary costs and an uncertain global economic outlook. Taiwan Se...
T Ai Pei United States Ben Blanchard Yimou Lee Jacqueline Wong Shri Navaratnam Sarah Wu
Source: aol.com

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