TSMC cuts 2023 capex after record Q4 as chip demand weakens
By Yimou Lee and Sarah Wu TAIPEI (Reuters) -Taiwanese chipmaker TSMC warned on Thursday that first-quarter revenue would drop as much as 5% and it would slash annual investment as the major Apple Inc supplier expects softer demand due to a slowing global economy. The bearish outlook follows a forecast-beating 78% jump in fourth-quarter profit, …
TSMC cuts 2023 capex after record Q4 as chip demand weakens Read More »