TSMC Beats Profit Estimates with New Record but Expects Decline in Chip Demand

oser to the bottom of its projection range between US$40 billion and US$44 billion.

In a analysts’ call Thursday, TSMC management said next year would witness a typical down cycle of chip demand, but the slide should be a modest one, less volatile than that in the year 2008. They declined to give clear forecast about Capex for 2023 and said such forecast was too early to tell.

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