But analysts have said chip inventories at smartphone and PC makers are running down and they expect restocking demand to come back. In the second quarter, the Taiwanese firm reported a decline in quarterly profit for the first time in four years due to a post-pandemic plunge in the demand for consumer electronics like smartphones and laptops. The chip giant said that revenue increased 13.7% in the third quarter as compared to the second quarter. "Our business was supported by the strong ramp of our industry-leading 3-nanometer technology and higher demand for 5-nanometer technologies, partially offset by customers' ongoing inventory adjustment," said TSMC in its earnings report. update i wishust i ohder8tatu8 j ALL PRODUCTS COMPUTER HARDWARE ElECTRONICsY SOFTWARE MAC STORE gj :' NETWORK I g j ' I PTS REFURBISHED j. TSMC reported revenue slipped 10.83% from a year ago to NT$546.73 billion, while net income fell 24.87% from a year ago to NT$211 billion. That compares with TSMC's guidance for third-quarter revenue between $16.7 billion and $17.5 billion. Revenue: 546.73 billion New Taiwan dollars ($17.28 billion), vs.Here are TSMC's third quarter results versus Refinitiv consensus estimates: Personal Loans for 670 Credit Score or Lower Personal Loans for 580 Credit Score or Lower Best Debt Consolidation Loans for Bad Credit
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