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TSMC 2023 Q2 Net Profit Fell

Visitors visit the booth of TSMC at the 2023 World Semiconductor Congress in Nanjing, Jiangsu province, China, July 19, 2023. On the afternoon of July 20, 2023, TSMC released the second quarter of 2023 financial results, due to the impact of the global economic downturn, which led to a decline in demand for automotive, mobile phone and server chips, TSMC net profit in the second quarter of 181.8 billion Taiwan dollars (about 5.85 billion US dollars), although higher than analysts' expectations, But it was down 23.3 per cent from T $237 billion in the same period in 2022. This is also the first time since the second quarter of 2019 that TSMC recorded a year-on-year decline in quarterly profit. TSMC also said it expected full-year sales to fall 10 per cent in US dollar terms. (Photo by Costfoto/NurPhoto)

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