https://wccftech.com/tsmc-to-make-2nd-gen-3nm-chips-in-2023-china-sales-hit-by-42-in-h2/

The Taiwan Semiconductor Manufacturing Company's (TSMC) headquarters in Hsinchu, Taiwan. Image: Bloomberg

The Taiwan Semiconductor Manufacturing Company's (TSMC) advanced 3nm chip manufacturing process is on track for mass production next year, believe investment banks. Details about TSMC's manufacturing plans came after the company shared its revenue for July earlier this month, which outlined a 17.5% annual growth but a 16% sequential drop, which resulted in its advanced depository receipts trading on the New York Stock Exchange to slightly drop in the wake of stellar results posted for June.