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TSMC Experiences Q1 2023 YoY Sales Boost Amid QoQ Challenges

On April 20, 2023, TSMC announced its financial results for the first quarter (January to March) of the same year. Sales were NT$508.63 billion (approximately ¥2.2309 trillion/US$16.72 billion), up 3.6% year-on-year and down 18.7% quarter-on-quarter. Net profit was 206.9 billion New Taiwan dollars (about US$6.71 billion), up 2.1% year-on-year, but down 30% quarter-on-quarter. Gross margin was 56.3% and operating margin was 45.5%.

Looking at sales by manufacturing process node, the 5nm generation accounted for 31% of the total. . .

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