Chip stocks face correction as TSMC cuts industry outlook

Global uncertainties spur profit-taking across markets

20240419N TSMC

Taiwan Semiconductor Manufacturing Co. downgraded its growth outlook for the global logic chip industry this year to 10%, from over 10%. © Reuters

HIROKI MASUDA, Nikkei staff writer

TOKYO -- Semiconductor stocks worldwide are retreating from their recent surge as investors scramble to lock in profits after Taiwan Semiconductor Manufacturing Co. lowered its outlook for chip market growth.

Sponsored Content

About Sponsored ContentThis content was commissioned by Nikkei's Global Business Bureau.