TSMC continues to see strong revenue growth despite a bleak outlook from numerous semiconductor companies.
(Bloomberg) -- Tudor Brown, the former president of Arm Ltd., has resigned from the board of Semiconductor Manufacturing International Corp., stepping away from the Chinese chipmaker that has been hit with US sanctions.Most Read from BloombergStriking Drop in Stress Hormone Predicts Long Covid in StudyThe Fed’s Damage to the Housing Market May Last YearsChina Has Painted Itself Into a Semiconductor CornerGarland Seeks to Unseal Trump Warrant, Says He Approved SearchThe Snowballing US Rental Cris
This has been a bad week for semiconductor stocks so far, with NVDA and MU warning of significant demand destruction.