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]