Morgan Stanley: TSMC’s revenue in the first quarter of 2023 is expected to decrease by 14-15% sequentially
As TSMC’s January 12 legal statement approached, Morgan Stanley recently released a forecast for TSMC’s 2023 revenue, believing that the company will “moderate growth” throughout the year, and revenue may increase slightly by 1%. Q1 will decrease 14-15% sequentially due to lower orders for high-end smartphones and data centers, but gross margin can remain at 55% in the first quarter due to higher foundry prices.