TSMC expects H2 performance to be better than H1

FILE PHOTO: A wafer can be seen as taiwanese chip giant TSMC holds a ceremony to start mass production of its most advanced 3-nanometer chips in the southern city of Tainan, Taiwan December 29, 2022.REUTERS/Ann Wang

TAIPEI (Reuters) - Taiwanese chipmaker TSMC said on Tuesday it expects its performance to be better in the second half of the year than the first.

First half revenue is expected to drop 10% year-on-year in U.S. dollar terms, CEO C.C. Wei told the company's annual shareholders meeting.