Contract chipmaker Taiwan Semiconductor Manufacturing Co. on Thursday warned weak macroeconomic conditions and inventory adjustments would result in falling...
Contract chipmaker Taiwan Semiconductor Manufacturing Co. on Thursday warned weak macroeconomic conditions and inventory adjustments would result in falling revenue and declining margins.
... Contract chipmaker Taiwan Semiconductor Manufacturing Co. on Thursday warned weak macroeconomic conditions and inventory adjustments would result in falling revenue and declining margins. More broadly, it sees revenue dropping by between a mid- to high-single-digit percentage in the first half, but a rising revenue outlook for the second half.
“Entering 2023, we continue to observe softness in consumer end market segment, while other end market segments such as data center related have softened as well,” said CEO CC Wei on a conference call, according to a transcript from S&P Global Intelligence. “As customers and the supply chain continue to take action, we forecast a semiconductor supply chain inventory, while reduced sharply through first half 2023, to rebalance to a healthier level.
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