TSMC to see 10% to 15% revenue decline in Q1 as weak demand bites: report

The market expects chip maker TSMC’s revenue in the first quarter of 2023 to fall 10% to 15% from the last quarter, according to Taiwanese semiconductor consultancy DigiTimes Research. TSMC’s production capacity utilization from 45nm to 3nm nodes could also drop to 75%. The figure was already down to 95% in the fourth quarter of this year, according to Chinese chip consultancy ijiwei. The global consumer electronics market is slowing down due to weak demand for PCs, tablets, and smartphones amid sluggish macroeconomics, leading suppliers to cut chip orders. [ijiwei, in Chinese]