2024-04-03 03:21:28 ET
Summary
- TSMC's lackluster performance in H1 2023 was due to sluggish shipment growth and reduced orders from major clients.
- TSMC's market share declined in Q2 2023 but recovered in Q4 2023, remaining the dominant market leader.
- The company remains the most competitive foundry with advanced process technology, strong customer partnerships, and a focus on AI chips.
We previously analyzed Taiwan Semiconductor Manufacturing Company Limited's ( TSM ) lackluster performance in H1 2023 (-8.6% growth) stemming from sluggish shipment growth and reduced orders from major clients. The global semiconductor industry downturn further impacted TSMC with end market weakness across PC, smartphone and server markets but with a second-half recovery anticipated, leading to our flattish revenue growth forecasts of -0.13% revenue growth in 2023 but a more positive long-term growth outlook....
Read the full article on Seeking Alpha
For further details see:
TSMC: Robust Growth To Continue