{"id":90422,"date":"2023-04-21T18:43:42","date_gmt":"2023-04-21T18:43:42","guid":{"rendered":"https:\/\/www.africa-press.net\/kenya\/all-news\/taiwanese-chip-maker-tsmcs-profits-up-2-1-in-q1"},"modified":"2023-04-21T19:06:53","modified_gmt":"2023-04-21T19:06:53","slug":"taiwanese-chip-maker-tsmcs-profits-up-2-1-in-q1","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/kenya\/all-news\/taiwanese-chip-maker-tsmcs-profits-up-2-1-in-q1","title":{"rendered":"Taiwanese chip maker TSMC&#8217;s profits up 2.1% in Q1"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; Kenya. <\/strong><\/span>Taiwanese semiconductor giant TSMC on Thursday reported net profits growth of 2.1% year-on-year in the first quarter of 2023.<\/p>\n<p>The firm&#8217;s sales amounted to $508.6 billion in January-March, up 3.6% on a yearly basis, while its net income totaled $206.99 billion.<\/p>\n<p>On a quarterly basis, the firm&#8217;s revenues and profits dropped 18.7% and 30%, respectively.<\/p>\n<p>In the last quarter of 2022, its sales and net profits were at $625.5 billion and $295.9 billion, respectively.<\/p>\n<p>Wendell Huang, vice president, said TSMC&#8217;s business was impacted by weakening macroeconomic conditions and decreasing demand in the first quarter.<\/p>\n<p>&#8220;Moving into second quarter 2023, we expect our business to continue to be impacted by customers&#8217; further inventory adjustment,&#8221; he added.<\/p>\n<p><strong>For More News And Analysis About <a href=\"https:\/\/www.africa-press.net\/kenya\">Kenya<\/a> Follow <a href=\"https:\/\/www.africa-press.net\/\">Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Kenya. Taiwanese semiconductor giant TSMC on Thursday reported net profits growth of 2.1% year-on-year in the first quarter of 2023. The firm&#8217;s sales amounted to $508.6 billion in January-March, up 3.6% on a yearly basis, while its net income totaled $206.99 billion. On a quarterly basis, the firm&#8217;s revenues and profits dropped 18.7% [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":90420,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,9],"tags":[6857,7003,8415,544,9769,9059,9768],"class_list":["post-90422","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-miscellaneous","tag-africa-press","tag-africa-press-kenya","tag-chip","tag-kenya","tag-semiconductor","tag-taiwan","tag-tsmc"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Taiwanese chip maker TSMC&#039;s profits up 2.1% in Q1 - kenya<\/title>\n<meta name=\"description\" content=\"Taiwanese semiconductor giant TSMC on Thursday reported net profits growth of 2.1% year-on-year in the first quarter of ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/kenya\/all-news\/taiwanese-chip-maker-tsmcs-profits-up-2-1-in-q1\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Taiwanese chip maker TSMC&#039;s profits up 2.1% in Q1\" \/>\n<meta property=\"og:description\" content=\"Taiwanese semiconductor giant TSMC on Thursday reported net profits growth of 2.1% year-on-year in the first quarter of ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/kenya\/all-news\/taiwanese-chip-maker-tsmcs-profits-up-2-1-in-q1\" \/>\n<meta property=\"og:site_name\" content=\"kenya\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2023-04-21T18:43:42+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-04-21T19:06:53+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/kenya\/sites\/28\/2023\/04\/postQueueImg_1682086436.40.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"860\" \/>\n\t<meta property=\"og:image:height\" content=\"486\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/kenya\/all-news\/taiwanese-chip-maker-tsmcs-profits-up-2-1-in-q1#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/kenya\/all-news\/taiwanese-chip-maker-tsmcs-profits-up-2-1-in-q1\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/kenya\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Taiwanese chip maker TSMC&#8217;s profits up 2.1% in Q1\",\"datePublished\":\"2023-04-21T18:43:42+00:00\",\"dateModified\":\"2023-04-21T19:06:53+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/kenya\/all-news\/taiwanese-chip-maker-tsmcs-profits-up-2-1-in-q1\"},\"wordCount\":128,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/kenya\/all-news\/taiwanese-chip-maker-tsmcs-profits-up-2-1-in-q1#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/kenya\/sites\/28\/2023\/04\/postQueueImg_1682086436.40.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Kenya\",\"chip\",\"Kenya\",\"Semiconductor\",\"Taiwan\",\"TSMC\"],\"articleSection\":[\"all news\",\"miscellaneous\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/kenya\/all-news\/taiwanese-chip-maker-tsmcs-profits-up-2-1-in-q1#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/kenya\/all-news\/taiwanese-chip-maker-tsmcs-profits-up-2-1-in-q1\",\"url\":\"https:\/\/www.africa-press.net\/kenya\/all-news\/taiwanese-chip-maker-tsmcs-profits-up-2-1-in-q1\",\"name\":\"Taiwanese chip maker TSMC's profits up 2.1% in Q1 - 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