News Snapshot:
(Bloomberg) — Taiwan Semiconductor Manufacturing Co.’s sales slid back into contraction last month following October gains, showing there’s still a way to go before the global chip market stages a full recovery from a prolonged slump. Most Read from Bloomberg The world’s largest supplier of made-to-order chips recorded a 7.5% drop in revenue to NT$206 billion ($6.6 billion) in November. Revenue for the first 11 months was down 4.1% from the prior year, to NT$1.99 trillion. The primary chipmaker to Nvidia Corp. and Apple Inc. in October projected sales of $18.8 billion to $19.6 billion for this quarter. During its...
