STILL UPBEAT: The world’s biggest contract chipmaker sees little impact from the US-China trade war and is sticking to its five-year growth forecast of 5-10%
Taipei Times
Date: Oct 19, 2018
By: Lisa Wang / Staff reporter
Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), the world’s largest contract
Taiwan Semiconductor Manufacturing Co chief executive officer C.C. Wei, center, accompanied by chief financial officer Lora Ho, right, and spokeswoman Elizabeth Sun, speaks at an investors’ conference in Taipei yesterday. Photo: Liao Chen-huei, Taipei Times
chipmaker, yesterday lowered its revenue growth forecast for this year to 6.5 percent, owing to flagging demand from China for chips used in cryptocurrency mining tools.
That marked the second downward revision after the Hsinchu-based chipmaker in July reduced its projection for this year to between 7 and 9 percent for the same reason.
At the beginning of this year, TSMC had set a growth target of between 10 and 15 percent.
TSMC remains upbeat about its growth prospects over the next five years.
“We [will] continue to stay at 5 to 10 percent [annual] growth rate. It would probably be closer to the high-end of that range,” TSMC chief executive officer C.C. Wei (魏哲家) told an investors’ conference in Taipei. [FULL STORY]
