TSMC posts better-than-expected sales signaling semiconductor slump has started to ease
Taiwan Semiconductor Manufacturing Co (TSMC) on Wednesday beat analysts expectations, despite reporting a drop in its revenues, by posting better than expected sales in the final quarter of 2023 amid signs the global slump in the chip market has now reached an end. TSMC 2330, -0.34%, which makes the microchips used in almost all electronic devices, reported Dec. 2023 sales worth NT5.7 billion), representing an 8.4% drop compared to the same period in 2022 . The Hsinchu headquartered compan ...