According to Taiwan's Economic Daily, on January 18th, TSMC held a legal briefing, attended by President Wei Zhejia, Chairman Liu Deyin, and Chief Financial Officer Huang Renzhao. Huang Renzhao mentioned that based on the assumption of a 31.1 exchange rate between the New Taiwan Dollar and the US dollar, it is expected that the US dollar revenue in the first quarter of this year will be between $18 billion and $18.8 billion, with an average quarterly decrease of about 6.3%. The relevant data is in line with the market's expectation of a median quarterly decrease of 6% to 8%, and is expected to reach a new high for the same period in previous years. The above expectations will result in a quarterly decrease of 4.2% to 8.3% in revenue of $19.62 billion compared to the fourth quarter of last year, with an average quarterly decrease of approximately 6.3%. TSMC expects its gross profit margin to range from 52% to 54% in the first quarter of this year, with an average of 53% in the fourth quarter of last year.