TSMC CEO At Annual Shareholder Meeting Earlier Tuesday, Said Sees H1 Revenue Down 10% YoY In Us Dollar Terms; Expects H2 Performance To Be Better Than H1
Portfolio Pulse from Charles Gross
TSMC CEO announced at the annual shareholder meeting that the company expects H1 revenue to be down 10% YoY in US dollar terms, but anticipates better performance in H2.
June 06, 2023 | 9:14 am
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NEUTRAL IMPACT
TSMC's H1 revenue is expected to be down 10% YoY in US dollar terms, but the company anticipates better performance in H2.
The announcement of a 10% YoY decrease in H1 revenue may negatively impact TSM's stock price in the short term. However, the expectation of better performance in H2 could offset this impact, resulting in a neutral short-term price direction.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100