TSMC Expected to Report 27% Decline in Q2 Net Profit, but Analysts Predict Recovery

Taiwanese chipmaker TSMC (Taiwan Semiconductor Manufacturing Co Ltd) is anticipated to announce a 27% decrease in net profit for the second quarter of the year.

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This decline is attributed to the global economic challenges that have impacted semiconductor demand.

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Analysts from Fubon Investment in Taiwan believe that the second quarter marks the low point of the current downcycle.

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