TSMC strikes cautious tone on Q1 after posting record annual profit

Formosa News
Date: 2019/01/17

Today Taiwan Semiconductor Manufacturing Company announced after-tax profits of NT$351.1 billion Taiwan dollars and earnings per share of NT$13.54 for the year 2018. Both figures are new company highs, but TSMC gave a cautious outlook for the first quarter of 2019.

Chief Executive CC Wei said the firm could miss its usual target of 5 to 10 percent growth year-on-year . Analysts expect the sluggish semiconductor market, weak smartphone sales, and the U.S.-China trade war to negatively affect TSMC’s bottom line in the months ahead.   [SOURCE]

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