TSMC earnings report Q2 2023


A woman walks past a Taiwan Semiconductor Manufacturing Company (TSMC) logo at the Hsinchu Science Park in Hsinchu on July 5, 2023. (Photo by Sam Yeh / AFP) (Photo by SAM YEH/AFP via Getty Images)

Sam Yeh | Afp | Getty Images

Taiwan Semiconductor Manufacturing Company, the world’s largest chipmaker, posted a second-quarter profit plunge Thursday as demand for consumer electronics continues to slump.

Here are TSMC’s second quarter results versus Refinitiv consensus estimates:

  • Revenue: 480.84 billion New Taiwan dollars ($15.68 billion), vs. NT$478.83 billion expected
  • Net income: NT$181.8 billion, vs. NT$172.55 billion expected

TSMC reported revenue slipped 10% from a year ago to NT$480.84…

Source cnbc.com

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