Why Taiwan Semiconductor Manufacturing Company Shares Are Falling
Portfolio Pulse from Henry Khederian
Shares of Taiwan Semiconductor Mfg. Co. Ltd. (NYSE:TSM) are trading lower by 3.8% possibly in sympathy with Texas Instruments, which reported disappointing Q3 sales and weak Q4 revenue guidance. This could indicate reduced demand for semiconductors, leading to concerns about overcapacity at TSMC's manufacturing facilities and a decrease in orders, potentially impacting their revenue and profitability.
October 25, 2023 | 6:13 pm
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TSM's stock price is falling due to potential reduced demand for semiconductors, indicated by Texas Instruments' disappointing Q3 sales and weak Q4 guidance. This could lead to overcapacity at TSMC's manufacturing facilities and a decrease in orders, impacting their revenue and profitability.
TSM is a major semiconductor manufacturing company that relies heavily on its clients' demand for semiconductor products. Texas Instruments, a key customer, reported lower sales results and weak revenue guidance, which could indicate reduced demand for semiconductors. This could lead to overcapacity at TSMC's manufacturing facilities and a decrease in orders, potentially impacting TSM's revenue and profitability.
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