Taiwanese chipmaker TSMC (2330.TW) posted a smaller-than-expected 25% fall in third-quarter net profit on Thursday, raising hopes that a year-long slowdown in the global semiconductor industry is poised for a slow recovery.
A smartphone with a displayed TSMC logo is placed on a computer motherboard in this illustration taken March 6, 2023. REUTERS/Dado Ruvic/IllustrationQ3 capex $7.1 bln vs Q2 $8.17 blnposted a smaller-than-expected 25% fall in third-quarter net profit on Thursday, raising hopes that a year-long slowdown in the global semiconductor industry is poised for a slow recovery.
TSMC, Asia's most valuable listed company, said third-quarter revenue dropped 14.6% to $17.3 billion, in line with the company's previous forecast of $16.7 billion to $17.5 billion.
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