TSMC says PC and smartphone markets starting to bottom out

Chipmakers logs quarterly profit drop but says 2024 could be 'healthy'

20231019 TSMC

Analysts expect the downturn in the chip industry will soon run its course, but TSMC founder Morris Chang says competition will only grow. © Reuters

CHENG TING-FANG and CISSY ZHOU, Nikkei staff writers

SINGAPORE/HONG KONG -- Taiwan Semiconductor Manufacturing Co. says demand for personal computers and smartphones has started to "stabilize" after a long downturn despite ongoing macroeconomic uncertainties.

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