The Taiwan Semiconductor Manufacturing Company’s (TSMC) revenue for August was an encouraging development but it shouldn’t be considered as a big turnaround in the firm’s short term future prospects, according […]
The Taiwan Semiconductor Manufacturing Company’s (TSMC) revenue for August was an encouraging development but it shouldn’t be considered as a big turnaround in the firm’s short term future prospects, according to Wedbush. TSMC reported its August revenue earlier this week, and the results showed a sizeable monthly growth. This growth is believed to come primarily from Apple and NVIDIA’s orders, and it places TSMC in a comfortable position to achieve its third quarter revenue targets. The report comes as fears of China banning the iPhone for office use have created a bit of uncertainty in TSMC’s share price and driven down the firm’s market capitalization on the Taiwan Exchange from the NT$14 trillion level.Analyst Urge Caution About Reading Too Much Into Apple & TSMC’s Prospects After China’s iPhone Ban Plan
2023 has proven to be quite a shock for TSMC’s management as the firm had seen explosive growth over the past couple of years in the aftermath of the coronavirus pandemic.
