TSMCs Taipeilisted shares slide 6% on global chip outlook concerns Yahoo Finance

Image for article TSMCs Taipeilisted shares slide 6% on global chip outlook concerns  Yahoo Finance
News Source : Yahoo Entertainment

News Summary

  • Taiwan Semiconductor Manufacturing Co (TSMC), the world's largest contract chipmaker, forecast second-quarter sales may rise as much as 30%
  • Its first-quarter profit also beat estimates
  • But it left its capital spending plans for this year unchanged at between $28 billion and $32 billion
TAIPEI (Reuters) Taipeilisted shares of TSMC fell more than 6% on Friday following the companys firstquarter earnings report where it retained its capex and fullyear revenue guidance and flagged [+2174 chars]

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