Taiwan Semiconductor (TSM) Q2 2024 earnings results beat revenue & profit expectations
One of the largest manufacturer of semiconductors saw $20.82 billion USD in revenue in its Q2 2024.
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One of the largest manufacturer of semiconductors saw $20.82 billion USD in revenue in its Q2 2024.
Taiwan Semi lowered guidance for Q3 2023, and the entire semiconductor sector suffered as a result.
TSMC cites low client sales as the reason for lowered guidance in Q2.
Berkshire Hathaway is dumping Taiwan semi (TSM) shares after acquiring more last year.
The company predicts a continuation of market demand softness entering Q1 2023.
The Warren Buffett conglomerate has made a massive investment in tech.
TSMC is reportedly investigating expansion in Japan as Taiwan independence remains in contention due to pressure from China.
Despite the surge in year-over-year profits, TSMC remains cautious about the outlook of chip demand in 2023.
'The war brings no winners, everybody's losers,' TSMC's Mark Liu said, claiming a conflict would render the world's leading chip manufacturer inoperable.
Taiwan Semiconductor put up an excellent quarter and has raised guidance for its upcoming Q3 as a result.