Chip Foundry TSMC Tops Estimates For September Sales

Taiwan Semiconductor Manufacturing (TSM) on Thursday said it finished the third quarter on a positive note, with sales in September coming in well above estimates. But TSM stock slid after the report. The contract chipmaker, better known as TSMC, generated revenue of 331 billion New Taiwan dollars, or $10.9 billion, in September. Analysts polled by FactSet had expected sales of about 302 billion New Taiwan dollars in September. In local currency, TSMC sales rose 31.4% year over year in September. But revenu ...