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…