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In 50 Words: TSMC reports first profit dip since 2019 as electronics demand nosedives
Taiwan Semiconductor Manufacturing Company (TSMC,) the world’s largest chipmaker, has reported its first quarterly net profit decline since 2019, falling 23.3% due to reduced smartphone and consumer electronics market demand. Its second quarter revenue dropped 10% compared to the previous year, hitting a five-quarter low of US$15.68 billion.
🔗 Source: Nikkei Asia
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