Taipei, Aug. 21 (CNA) Taiwan Semiconductor Manufacturing Co. (TSMC), the world’s largest contract chipmaker, issued a statement Monday that the company is maintaining the sales guidance for 2023 it made in mid-July, following news reports earlier in the day that TSMC will lower its forecast for the third time this year after weak demand for chips made on mature processes.
In a statement posted on the Taiwan Stock Exchange, where TSMC shares are traded, the chipmaker said the downgrade of the sales forecast was simply market speculation and that the company has not changed its guidance given at an investor conference in July. The news reports speculated TSMC could cut its forecast again, with 2023 sales expected to fall about 12 percent from a year earlier.
