Despite strong Q2 results, TSMC CEO CC Wei said that some of the company’s capital expenditure would be “pushed out into 2023.”
But on the whole, TSMC's results has allayed some of the worries in the chip market and particularly around the company itself.
He said that TSMC's guidance suggested that it will"continue to grow even in a scenario of the overall chip market being down" year-on-year. Meanwhile, investors have been worried about a potential chip glut in the market. Right now, inventory levels are quite high suggesting weak demand which could put pressure on semiconductor prices.
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