How Dire is the Situation for the World’s Leading Chipmaker?

To the surprise of many, TSMC has reported a disappointing financial report. On the afternoon of July 20th, TSMC released its financial report for Q2 2023, reporting a revenue of NT $480.8 billion (approximately $15.7 billion USD), a decrease of 10% Year-on-year and 5.5% Quarter on Quarter, and a net profit of NT $181.8 billion (approximately $5.8 billion USD), a decrease of 23.3% Year-on-year and 12.2% Quarter on Quarter. “China Focus“ is a YouTube channel created to provide current events and pop culture headlines from you can get to know a more real China through my video. ｜ #ChineseNews #chips #ChinaFocus Thanks for your watching and subscribing.