World’s Top Chipmaker Posts Drop in Revenue, Its First Decline in Four Years
Taiwan Semiconductor Manufacturing Co. (TSMC), the world’s top chipmaker, posted a double-digit drop in revenue last month, its first decline in four years.
The chip-making giant’s filing on April 10 showed that revenue for March fell 15 percent from the same month a year earlier, after economic headwinds hit the semiconductor market, according to Dow Jones Newswires.
TSMC said that revenue fell to $4.78 billion from $5.63 billion in March, after growing January and February, for its first monthly loss since May 2019.
However, first-quarter revenue in 2023 is expected to rise 3.6 percent from a year earlier, to $16.73 billion.
The computer chip industry has witnessed a boon in constant revenue growth, fueled by rising semiconductor prices and factories operating at full capacity….