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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 th ....
Don t want to be so reliant on a jet to make our chips, we will do it ourselves. easiersaid to make our chips, we will do it ourselves. easier said than done, of course, and that that takes time to come online. but that is starting to deliver? it’s come online. but that is starting to deliver? , ., , ., ., deliver? it s not quite started to deliver? it s not quite started to deliver yet. deliver? it s not quite started to deliver yet, they deliver? it s not quite started to deliver yet, they are deliver? it s not quite started to deliver yet, they are starting - deliver? it s not quite started to deliver yet, they are starting to | deliver yet, they are starting to build these new factories in america, in particular, that it will take another year or so before they start to come online. so there is this a long time between making the decision you want to do something and it actually being leading to new capacity, two to three years. in and it actually being leading to new cap ....
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