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TSMC reportedly slows expansion plans amid disappointing Q1 revenue

TSMC, the multinational semiconductor manufacturer, is reportedly slowing its expansion plans at multiple locations around Taiwan, including Kaohsiung, Nanke, Zhongke, and Zhuke. Such a change may impact the global supply chain of chip equipment and materials, however TSMC made no specific comment on the reports when releasing its revenue report for March 2023 on Monday. The report showed TSMC’s March revenue to be around $4.775 billion, a decrease of 10.9% from the previous month and a year-on-year decrease of 15.4%. The firm’s first quarter performance fell short of analysts’ expectations and may lie behind TSMC’s reported adjustment in operating strategy. [IThome, in Chinese]

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