TAIPEI/TOKYO -- The sharp slowdown in earnings at Taiwan Semiconductor Manufacturing Co. reveals a slower-than-anticipated recovery in the global semiconductor market, with industry insiders not expecting a full-scale upswing until at least 2024.
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Taiwan Semiconductor Manufacturing Co. has posted its sharpest year-on-year drop in quarterly profit since early 2019 amid a persistent semiconductor market slump. (Photo courtesy of TSMC)
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