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TSMC shares fall more than 3% after it flags full-year sales drop
© Reuters. FILE PHOTO: A logo of Taiwanese chip giant TSMC can be seen in Tainan, Taiwan, Dec. 29, 2022. REUTERS/Ann Wang/File Photo
TAIPEI (Reuters) – Shares of Taiwanese chipmaker TSMC slumped more than 3% on Friday after the world’s largest contract chipmaker flagged a 10% drop in 2023 sales and said production due to start next year at its first plant in Arizona would be delayed.
Taiwan Semiconductor Manufacturing Co Ltd’s shares underperformed a 1.65% fall in the broader index.
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