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TSMC’s Third-Quarter Earnings Reflect Semiconductor Weakness

Paige Tanner
TSMC’s Third-Quarter Earnings Reflect Semiconductor Weakness

The semiconductor earnings season began with TSMC (TSM) reporting better-than-expected third-quarter earnings but releasing weaker guidance for the seasonally strong fourth quarter. Analysts use TSMC’s earnings to forecast semiconductor demand, as it manufactures chips for various chip giants like NVIDIA (NVDA), Huawei, and Apple (AAPL).