TSMC lowers semiconductor market outlook for 2024 - due to sluggish smartphone and PC sales 🤔

CEO Wei stated in a conference call with analysts that “macroeconomic and geopolitical uncertainty are strong, and there is a possibility that it will put pressure on consumer sentiment and end market demand.” On the US stock market on the 18th, TSMC's American Depositary Securities (ADR) It fell 6.3% at one point, and recorded the largest intraday decline in about a year.