Third-party silicon-wafer manufacturer reported Taiwan Semiconductor Manufacturing Co. reported a stronger-than-forecast increase in profit for the third...
Third-party silicon-wafer manufacturer reported Taiwan Semiconductor Manufacturing Co. reported a stronger-than-forecast 80% increase in profit for the third quarter.TSMC TSM reported earnings of $1.79 per American depositary receipt compared with $1.08 per ADR in the... Third-party silicon-wafer manufacturer reported Taiwan Semiconductor Manufacturing Co. reported a stronger-than-forecast 80% increase in profit for the third quarter.TSMC TSM reported earnings of $1.
TSMC supplies chip makers who do not have their own fabrication plants, known as fabs, such as Nvidia Corp. NVDA , Advanced Micro Devices Inc. AMD , and Apple Inc. AAPL . Some companies do operate their own fabs like Intel Corp. INTC , Micron Technology Inc. MU , and Texas Instruments Inc. TXN Also trailing is the SOX index’s performance, compared with the S&P 500 index’s SPX 25% tumble and the 33% drop on the tech-heavy Nasdaq Composite Index COMP . Investor optimism has all but run out for semis as analysts chase a trajectory that threatens to make 2022 the worst year ever for chip-related stocks as PC shipments suffer their steepest decline on record.
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