- TSMC, the world's leading contract chipmaker, beat estimates in its third quarter.
- Taiwan Semiconductor (TSM) reported a strong earnings report on Thursday, but it did not stop a weeklong slide in chip stocks.
- The Philadelphia semiconductor index (SOX) was on pace to fall for a seventh straight trading session, matching a seven-day skid from May 2025.
Quotes
“beats estimates in third quarter”
“A strong earnings report from Taiwan Semiconductor Manufacturing (TSM) on Thursday wasn't enough to stop a weeklong slide for chip stocks.”