first quarter. its revenues though, fell around 5% as the industry faces up to a supply glut. tsmc remains asia s most valuable listed company, despite a fall in its share price by over quarter last year. the company is under pressure as some western economies seek to diversify their semi conductor supply chains. let s cross live now to malcolm penn, a global semi conductor industry analyst and ceo of future horizons. thank you for being with us. talk to me, first of all, but these figures. not as great as expected, but given what is happening in the industry, a good performance? the what is happening in the industry, a good performance? good performance? the industry is notoriously good performance? the industry is notoriously cyclical, good performance? the industry is notoriously cyclical, it good performance? the industry is notoriously cyclical, it does - good performance? the industry is notoriously cyclical, it does go - notoriously cyclical, it does go through these boom
immune, they are not immune to the economic challenges of the industry and so they are following that global trend. and so they are following that global trend. let s ust explore that supply h global trend. let s ust explore that suppty gtut, global trend. let s just explore that supply glut, because - global trend. let s just explore that supply glut, because in i global trend. let sjust explore | that supply glut, because in the pandemic there was a lot of demand for electronics, that meant there was a shortage of chips, maybe not as many were manufactured because of shutdown and lockdowns. now we are in a position where there are too many chips, is that right? correct, because it s many chips, is that right? correct, because it s very many chips, is that right? correct, because it s very hard many chips, is that right? correct, because it s very hard to many chips, is that right? correct, because it s very hard to balance l because it s very hard to balance supply and d
The median asking rent fell 0.4% in March to the lowest level in 13 months. Austin and Chicago saw the largest declines, while Raleigh and Cleveland experienced the biggest gains.
. | April 14, 2023
The recovery of Hong Kong’s retail market is likely to be slow and uncertain, as surging Covid-19 infections in mainland China and a huge supply glut limit any boost from the reopening of the border, according to industry leaders.