19 October 2023

TSMC reports Q3 revenue down 14.6% YoY to ~$17.28B, net income down 24.9% YoY to ~$6.5B, and expects to spend $32B on growing and upgrading capacity in 2023 (Jane Lee/Bloomberg)

Jane Lee / Bloomberg:
TSMC reports Q3 revenue down 14.6% YoY to ~$17.28B, net income down 24.9% YoY to ~$6.5B, and expects to spend $32B on growing and upgrading capacity in 2023  —  - Its capex came to $25.2 billion in the first nine months  — World's most advanced chipmaker is struggling with a downturn

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