TSMC: TSMC revenue dips amid inventory glut

BRIGHTER OUTLOOK:The company said it would have have the most advanced technology in the market next year and expects to outperform the industry in the fall

Taipei Times
Date: Jul 14, 2017
By: Lisa Wang / Staff reporter

Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) yesterday posted the

Back row, from left, Taiwan Semiconductor Manufacturing Co co-chief executive officers C.C. Wei, Mark Liu and chief financial officer Lora Ho yesterday attend an investor conference in Taipei. Photo: Chien Jung-fong, Taipei Times

lowest quarterly net profit in five quarters, but it expects a strong rebound starting this quarter, thanks to a speedy ramp-up in production of 10-nanometer mobile phone chips and the depletion of excessive inventory in the supply chain.

TSMC, which supplies 10-nanometer chips to Apple Inc for the latest iPhone series, expects revenue this quarter to expand by up to16.6 percent to between US$8.12 billion and US$8.22 billion, compared with NT$213.86 billion (US$7.04 billion) in the prior quarter.

“This growth is driven by fast ramp-up of 10-nanometer mobile customer products, but moderated by [fabless customers’] continuous inventory adjustment,” TSMC co-chief executive officer Mark Liu (劉德音) told investors..    [FULL  STORY]

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