TSMC Sales Miss for Second Straight Quarter on Tepid Demand

  • PC and memory makers gave earlier indications of wary consumer
  • TSMC relies on consumer hardware like iPhones to drive sales

Taiwan Semiconductor Manufacturing Co. missed sales estimates for the second consecutive quarter in a sign of continued weakness in global electronics demand.

First-quarter revenue at the world’s biggest contract manufacturer of chips was NT$508.6 billion ($16.7 billion), according to Bloomberg calculations, falling shy of average analyst forecasts of NT$525.5 billion. A sharp slowdown in March contributed to that miss: sales were down 15% last month relative to the prior year, at NT$145.4 billion, TSMC said.

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TSMC Sales Miss for Second Straight Quarter on Tepid Demand