TSMC Sales Fell Less Than Feared as AI Demand Offsets Slump
- Third-quarter sales down 11% as sector works through inventory
- Orders for AI chips strong but hitting supply constraints
A TSMC semiconductor wafer.
Photographer: I-Hwa Cheng/BloombergThis article is for subscribers only.
Taiwan Semiconductor Manufacturing Co.’s third quarter revenue slid less than projected as demand from artificial intelligence players helped offset sagging smartphone and laptop chip sales.
TSMC, the main chipmaker to Apple Inc. and Nvidia Corp., reported July-September revenue of NT$546.7 billion ($17 billion) according to Bloomberg’s calculations. That marked an 11% decline on the prior year but beat the average estimate of NT$531.5 billion.