TSMC Cuts 2023 Outlook

The transcript discusses TSMC's revised earnings outlook, highlighting a 10% revenue drop in USD terms, affecting share prices in the US and Taipei. It also covers the delay in TSMC's Arizona plant production to 2025, potentially impacting President Biden's economic policies. Lastly, it addresses TSMC's CapEx guidance, maintaining a range of $32-36 billion, with a noted decline in capital intensity for future investments.

What was the revised revenue outlook for TSMC in U.S. dollar terms?

• A 20% decline

• No change

• A 10% decline

• A 5% increase

How did the revised revenue outlook affect TSMC's share prices?

• Increased in both U.S. and Taipei

• Decreased in both U.S. and Taipei

• Increased in U.S. but decreased in Taipei

• No effect on share prices

When is the mass production of TSMC's Arizona plant now expected to start?

• 2023

• 2024

• 2025

• 2026

What impact might the delay in TSMC's Arizona plant have on President Biden?

• It will ensure his re-election

• It will have no impact

• It might be a setback

• It could boost his campaign

What is the expected range for TSMC's capital expenditure this year?

• $25 billion to $30 billion

• $40 billion to $45 billion

• $20 billion to $25 billion

• $32 billion to $36 billion