“We expect probably in 2023 the semiconductor industry will likely decline, but TSMC also is not immune,” said CEO CC Wei.

Q3 net profit was up 80% y-o-y at $8.8 billion on revenue which was up 36% y-o-y at $20.23 billion.

 Q4 revenue is expected to be up 29% y-o-y at $19.9-20.7 billion.

The datacentre and auto businesses remain steady, said the company.