TSMC: Robust Growth To Continue

BING-JHEN HONG/iStock Editorial via Getty Images We previously analyzed Taiwan Semiconductor Manufacturing Company Limited's (NYSE:TSM) lackluster performance in H1 2023 (-8.6% growth) stemming from sluggish shipment growth and reduced orders from major clients. The global semiconductor industry downturn further impacted TSMC with end market weakness across PC, smartphone and server markets but with a second-half recovery anticipated, leading to our flattish revenue growth forecasts of -0.13% revenue gr ...