Chip Making Giant TSMC Records Biggest Profit Drop in Five Years
TMSC saw their quarterly profits plunge the highest since 2019. However, the company says that the the PC and smartphone market concerns are abating and chip demand is rising again.
TSMC Records High Sales amid Increased Demand for AI Tools and Chips
By
Tolu Ajiboye
TSMC is also expanding a factory under construction in Arizona to develop better chips for iPhones and subsequently drive sales.
TSMC Releases 2022 Q4 Earnings, Profit Climbs 78%
During Q4 2022, TSMC reported 52% in its operating margin, gross margin was 62.2%, and net profit margin was 47.3%.