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“TSMC third-quarter profit to slide 30%, focus on how much growth to come”

“…The likely decline in profit also reflects a strong performance last year, when the company was still riding high on pent-up post-pandemic demand.

The world’s largest contract chipmaker is set to report net profit of T$195.9 billion ($6 billion) for July-September – its second straight quarter of profit decline, according to an LSEG SmartEstimate drawn from 19 analysts. SmartEstimates give greater weighting to forecasts from analysts who are more consistently accurate.

Revenue for the quarter came in at around $17 billion, according to TSMC figures, down 20% from a year earlier and roughly the middle of the company’s forecast range…”

https://finance.yahoo.com/news/tsmc-third-quarter-profit-slide-035549805.html

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