Asian chipmakers fall, TSMC down 6% as demand warning offsets strong earnings

Go back to Asian chipmakers fall, TSMC down 6% as demand warning offsets strong earnings

TSMC's soft forecast means that you should avoid this chip stock

April 19, 2024 7:12 AM EDT

Analysts at Citi said in a note this week that the negative results from Taiwan Semi (NYSE: TSM) and Continental will negatively impact one stock due to its exposure to a certain market.

The bank expects the auto sector correction to negatively impact analog... More