TSMC's Revenue Cut Echoes Taiwan's Economic Uncertainties: Report
Portfolio Pulse from Anusuya Lahiri
Taiwan's economic growth is faltering, with the nation's economic trajectory set to be its least impressive since 2015. The growth projection for 2023 has been scaled down for the third consecutive time to 1.61%. Taiwan Semiconductor Manufacturing Co (TSMC), a key supplier to Apple Inc and Nvidia Corp, has signaled caution by trimming its annual revenue outlook. TSMC reaffirmed projections for revenue in the first half of 2023 to decline by about 10% in U.S. dollar terms.
August 18, 2023 | 3:55 pm
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NEGATIVE IMPACT
Apple's key supplier, TSMC, has trimmed its annual revenue outlook, which could potentially impact Apple's supply chain.
As TSMC is a key supplier to Apple, the trimming of its annual revenue outlook could potentially impact Apple's supply chain and thus its stock.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
Nvidia's key supplier, TSMC, has trimmed its annual revenue outlook, which could potentially impact Nvidia's supply chain.
As TSMC is a key supplier to Nvidia, the trimming of its annual revenue outlook could potentially impact Nvidia's supply chain and thus its stock.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
TSMC has trimmed its annual revenue outlook and expects a decline in revenue in the first half of 2023.
The trimming of the annual revenue outlook and the expectation of a decline in revenue in 2023 indicates a negative impact on TSMC's stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100