TSMC cuts capex for 2023 after recording a fourth quarter with weak chip demand

TSMC cuts capex for 2023 after recording a fourth quarter with weak chip demand

Fourth-quarter profit of NT$295.9 billion, compared to NT$289.44 billion, analysts say Fourth-quarter revenue increased 26.7% year-over-year to $19.93 billion Capex achieved 2023 at $32-36 billion compared to $36.3 billion in the previous year The company plans to increase production abroad TAIPEI (Reuters) – Taiwanese chipmaker TSMC (2330.TW) on Thursday warned that first-quarter revenue will drop …

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