The world’s leading semiconductor foundry, TSMC has released its financial report for Q2, with revenue down 10 percent and net profit by 23.3 percent year on year, worse than even the gloomiest analysts had predicted.
Steep declines phone and IoT businesses were compounded when the anticipated surge in chip demand driven by the AI boom did not materialize. TSMC expects a decline in revenueof at least 15 percent for the entire year in the semiconductor foundry market.
Overseas operations have down badly, with the Arizona fab unable to find workers. The expansion plan for Europe is still up in the air.
Despite the gathering pessimism, revenue from advanced process technology continued to rise.
