TSMC revenues slide for the first time in four years
TSMC has posted mixed results for calendar Q1, representing a fall in revenue when reported in US dollars, although some analysts say the company exceeded lowered expectations in the current economic climate.
Although this is the first revenue decline for the chipmaking business in four years, it is in line with TSMC'sthat it would pull in somewhere between $16.7 billion and $17.5 billion for the first quarter. VP and CFO Wendell Huang laid the blame squarely at the global trading situation, which has seen demand fall away for many semiconductor products due to rising inflation and economic uncertainty, and he expected this to continue for the quarter.
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