A man walks past TSMC’s logo at the company’s headquarters in Hsinchu, Taiwan.
Sam Yeh | AFP | Getty Images
Taiwan Semiconductor Manufacturing Company reported a third-quarter profit of 211 billion New Taiwan dollars ($6.69 billion) on Thursday as weak demand for consumer electronics persists.
Even though it was the largest profit decline since the first quarter of 2019, the world’s largest contract chipmaker bested analysts’ expectations.
Here are TSMC’s third quarter results versus Refinitiv consensus estimates:
- Revenue: 546.73 billion New Taiwan dollars ($17.28 billion), vs. NT$540.39 billion expected
- Net income: NT$211 billion, vs. NT$191.43 billion expected
TSMC reported revenue…