Semiconductor Shares Slid in Morning Trading, With TSMC Falling 6%

Tiger Newspress04-18

Semiconductor shares slid in morning trading.

TSMC fell 6%; Arm fell over 4%; NXPI, Marvell fell over 3%; Applied Materials, Qualcomm fell over 2%.

TSMC's management predicted 2024 revenue growth to be between 20-25%. In the first-quarter report, they maintained that prediction but narrowed it down to the lower end of the range.

And during the earnings call, the management revised their earlier projection of over 10% growth for the entire semiconductor market (excluding memory) to just about 10%. That subtle change might have some investors worried.

In addition, TSMC now expects their 2 nm technology to go into mass production in the fourth quarter of 2025, which is later than previously stated. That might mean they'll miss the deadline for Apple 's iPhone 17.

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Comments

iNkwiziTs
04-18
iNkwiziTs
Oh nooo
JeffreyTan
04-18
JeffreyTan
meh can never understand.. yet Alab is tanking

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