TSMC earnings drop, sees weak Q1
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Taiwan Semiconductor Manufacturing Co., the world’s largest contract chip maker, reported its worst quarterly net profit in a year and a half on Thursday, as a global chip glut worsened and orders fell.
The current quarter, January-March, will be even worse, TSMC executives said, but it will mark the bottom of the current chip industry downturn. Industry analysts and investors watch TSMC carefully for signs of the health of the global technology industry because the company manufactures chips for so many different kinds of gadgets that it has a unique view of what’s going on behind the scenes.
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