TSMC announced first quarter revenue of $1.77 billion (55.65 billion Taiwanese dollars), a 12.9 percent sequential drop and 3.2 percent drop year-over-year.

The foundry attributed the revenue drop to an 8.8 percent decrease in wafer shipments and a 4.4 percent weaker U.S. dollar against the local currency, while average wafer selling price (ASP) remained at the same level.

By: DocMemory
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