ASML Takes a Hit: Will TSM Worsen It or Save the Day?
On October 9, TSMC (Taiwan Semiconductor Manufacturing Company) announced its sales data for September, reporting monthly revenue of 251.87 billion NTD, a year-over-year growth of 39.6%. TSMC is set to release its financial report on October 17.
But ASML fell 16% after reporting third-quarter earnings and revenue that were well under Wall Street estimates.
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Will TSMC worsen the situation or save the day for semiconductor?