TSMC reported better than expected thanks to demand for chips for AI – Kommersant
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The world’s largest semiconductor manufacturer is the Taiwanese company TSMC reported, that at the end of December its sales amounted to 176.3 billion Taiwan dollars ($5.7 billion). This is 14.4% less than in November and 8.4% less than in December 2022. For the fourth quarter, sales totaled NT$625 billion ($20.1 billion). For all of 2023, TSMC’s sales totaled NT$2.161 trillion ($69.4 billion), down 4.5% from the previous year.
The results were better than the forecasts of analysts surveyed Reuters. For the fourth quarter, they expected sales of $19.9 billion, Experts explain some stabilization of TSMC’s indicators by the increase in demand for chips for AI, which could have a positive impact on TSMC, which last year markedly suffered from the global decline in chip sales. At the beginning of 2023, after a sharp increase in smartphone sales amid the pandemic and explosive demand for chips for the automotive industry in 2022, there was a glut and, as a result, a certain correction in these markets – which affected TSMC.
About how things are with domestic semiconductors – in the material “Kommersant” “Dance of the Ugly Ducklings”.
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