Even The World's Largest Chip Maker Bites The Economic Slowdown Dust Despite AI Hype
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Taiwan Semiconductor Manufacturing Company Limited (TSMC) reported disappointing Q2 results and postponed the production launch at its U.S. plant to 2025. Q2 revenue dropped 10% to $15.68 billion and net income declined 23.3% to $5.8 billion. TSMC's largest client, Apple, also reported a sales drop for the second consecutive quarter. The delay in TSMC's U.S. plant production is a setback for Apple, Nvidia, and Advanced Micro Devices, who committed to source chips from the plant, and for the Biden administration's efforts to boost semiconductor manufacturing.
July 21, 2023 | 12:34 pm
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NEGATIVE IMPACT
Apple, a major client of TSMC, could face supply chain disruptions due to the delay in TSMC's U.S. plant production.
As a major client of TSMC, Apple could face supply chain disruptions due to the delay in TSMC's U.S. plant production. This could negatively impact Apple's stock price.
CONFIDENCE 80
IMPORTANCE 80
RELEVANCE 80
NEGATIVE IMPACT
Advanced Micro Devices, which committed to source chips from TSMC's U.S. plant, could face supply chain disruptions due to the delay in production.
Advanced Micro Devices, which committed to source chips from TSMC's U.S. plant, could face supply chain disruptions due to the delay in production. This could negatively impact AMD's stock price.
CONFIDENCE 80
IMPORTANCE 80
RELEVANCE 80
NEGATIVE IMPACT
Nvidia, which committed to source chips from TSMC's U.S. plant, could face supply chain disruptions due to the delay in production.
Nvidia, which committed to source chips from TSMC's U.S. plant, could face supply chain disruptions due to the delay in production. This could negatively impact Nvidia's stock price.
CONFIDENCE 80
IMPORTANCE 80
RELEVANCE 80
NEGATIVE IMPACT
TSMC reported disappointing Q2 results and delayed the production launch at its U.S. plant, which could negatively impact its stock price.
The disappointing Q2 results and the delay in the production launch at its U.S. plant could negatively impact investor sentiment and lead to a drop in TSMC's stock price.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100