TSMC Forecasts Up to 16 Percent Drop in Q2 Sales Amid Struggles to Clear Inventory, Weak Global Economy

TSMC on Thursday predicted a drop of up to 16 percent in Q2 sales as the Apple supplier struggles to clear its inventory amid a weakening global economy. The company's CEO C.C. Wei said he expects business in the second half of 2023 to be better than the first six months.

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