Taiwan Semi Posts Monthly Revenue Drop. Macro Headwinds Hit Chips.

Taiwan Semiconductor Manufacturing

reported its first drop in monthly revenue in almost four years as macroeconomic headwinds hit the world’s largest maker of computer chips, putting the group’s first-quarter earnings due April 20 in the spotlight.

TSMC (ticker: TSM) reported revenue of 145.4 billion Taiwanese dollars in March ($4.8 billion), down 11% from February and falling 15% from March 2022. It’s the first annual drop in monthly revenue since May 2019, according to Dow Jones Newswires.