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read moreTSMC forecast revenue of $15.2 billion to $16 billion in the quarter ending June 30, down from $18.16 billion a year prior. TSMC, Asia's most valuable listed company, said first-quarter revenue dropped 4.8% year-on-year, in line with the company's previous forecast. Net revenue from China grew to 15% from 12%, while net revenue from North America fell to 63% from 69%. read moreThe chipmaker forecast 2023 capital expenditure of $32-36 billion, unchanged from a previous estimate. CEO Wei said TSMC was evaluating the possibility of building a speciality fabrication plant in Europe for auto chips.

TAIPEI, March 15 (Reuters) - Apple Inc supplier Foxconn (2317.TW) said on Wednesday it expected smart consumer electronics demand would decline slightly this year, as it reported a 10% fall in fourth-quarter net profit from a year earlier, in line with analysts estimates. The world's largest contract electronics maker, which gets more than half of its revenue from consumer electronics, forecast significant growth this year in other areas such as computing, cloud and networking and component products. Net profit for the October-December quarter fell to T$40 billion ($1.31 billion) from T$44.4 billion in the same period the previous year, the company said. That was in line with an average forecast of T$39.98 billion profit by 13 analysts, according to Refinitiv. In the fourth quarter, revenue for its key consumer electronics products division was flat compared to a year ago, the company said in a statement, without elaborating.

TAIPEI, March 15 (Reuters) - Apple Inc supplier Foxconn (2317.TW) on Wednesday said it plans to ramp up investment outside of China and efforts to attract automakers to its contract manufacturing business, as the company reported weaker demand for consumer electronics. Foxconn, which assembles around 70% of iPhones, has been diversifying production away from China, whose strict COVID restrictions disrupted its biggest iPhone plant last year. The company also seeks to avoid a potential hit to its business from mounting trade tensions between Beijing and Washington. "Foxconn will actively expand its EV business in North America and work more comprehensively with traditional and start-up car makers," Liu said. Liu said revenue from EV components is expected to rise sharply to between T$50 billion and T$100 billion this year from T$20 billion last year.

Still, Taiwan Semiconductor Manufacturing Co Ltd (TSMC) , the world's most valuable chipmaker, forecast growth would return in the second half of this year. "We forecast the semiconductor cycle to bottom sometime in first half and see a recovery in second half 2023," CEO C.C. The world's largest contract chipmaker said its capital expenditure in 2023 would decrease to $32-36 billion from $36.3 billion in 2022. First-quarter revenue is expected in a range of $16.7 billion to $17.5 billion, compared with $17.57 billion a year earlier. For October-December, TSMC booked record net profit of T$295.9 billion ($9.72 billion) from T$166.2 billion a year earlier.

The chipmaker now expects to spend $32 billion to $36 billion, versus $36.3 billion in 2022, and sees first-quarter revenue in a range of $16.7 billion to $17.5 billion, compared with $17.57 billion a year earlier. "We expect the whole industry to drop slightly but TSMC to grow slightly" in 2023, he said. It reiterated on Thursday slower demand was a cyclical issue and 2023 overall would be a slight growth year for the company. For October-December, TSMC booked record net profit of T$295.9 billion ($9.72 billion) from T$166.2 billion a year earlier. Revenue climbed 26.7% to $19.93 billion, versus TSMC's prior estimated range of $19.9 billion to $20.7 billion.

China's Taiwan Affairs Office did not respond to a request for comment. the person said, adding that the calls would connect but Chinese officials wouldn't pick up. Based on a long-standing practice, faxes continue to be exchanged between two semi-official organisations that handle routine affairs: Taiwan's Straits Exchange Foundation and China's Association for Relations Across the Taiwan Straits. The council told Reuters that while Chinese officials do not reply directly, they have handled Taiwanese requests when needed or responded through public statements. China this year labeled Tsai's administration "evil" while Taiwan called China "incredibly absurd".

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