TSMC’s commitment to blaze ahead even as revenue falls will surely hurt profitability. — Bloomberg
A WEAKENING global economy and listless demand for electronics is finally catching up with Taiwan Semiconductor Manufacturing Co (TSMC), which last Thursday cut its outlook for both the company and the broader chip industry.
That will hurt the bottom line, but won’t divert the tech giant from its aggressive spending plan.
Already a subscriber? Log in.
Get 30% off with our ads free Premium Plan!
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
