By Kosaku Narioka
Taiwan Semiconductor Manufacturing Co. stated Monday that its income fell 15% in March from a 12 months earlier, marking the primary drop in practically 4 years.
TSMC stated that income fell to 145.41 billion new Taiwan {dollars} (US$4.78 billion) from NT$171.97 billion in March 2022. That’s its first month-to-month income fall since Might 2019.
First-quarter income rose 3.6% from a 12 months earlier to NT$508.63 billion (US$16.73 billion).
In January, TSMC Chief Monetary Officer Wendell Huang had stated that enterprise within the first quarter would possible be affected by softness in end-market demand and prospects’ stock adjustment as macroeconomic situations remained weak.
TSMC had projected first-quarter income of between US$16.7 billion and US$17.5 billion, down from US$19.93 billion within the fourth quarter.
Write to Kosaku Narioka at kosaku.narioka@wsj.com
from Stock Market News – My Blog https://ift.tt/cY7lHXm
via IFTTT
No comments:
Post a Comment