Despite a 7.5% decline in November revenue, Taiwan Semiconductor (TSMC) is confident chip demand will soon pick up as demand for AI increases and work on the next-generation iPhone gets underway.
TSMC reported monthly revenue of $6.6 billion (NT$206 billion), down 7.5% from the month prior.
Revenue for the first 11 months of 2023 decreased by 4.1% compared to the previous year and came in at approximately $66.33 billion (NT$1.99 trillion).
