TECH - ASML Stock Drops As Key Supplier TSMC Reportedly Postpone Deliveries Amidst Industry Demand Concerns | Benzinga
Leading contract chipmaker Taiwan Semiconductor Manufacturing Co (NYSE: TSM) has reportedly instructed major suppliers to postpone the delivery of high-end chipmaking equipment. This move comes as the crucial Apple Inc (NASDAQ: AAPL) and Nvidia Corp (NASDAQ: NVDA) supplier battled delays at its $40 billion chip factory in Arizona, signaling its growing apprehension about customer demand.
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While suppliers anticipate this delay to be short-term, TSMC's caution reflects concerns about the outlook for the market, primarily driven by ...