TSMC sees profits fall

Stefan Mileschin · 19th October 2018, 09:49

As an expected trade war looms

Taiwan Semiconductor Manufacturing has reported a 0.9 percent fall in third quarter net profits.

Meanwhile, analysts are worried that the worst is yet to come thanks to slumping phone demand and worries over trade tensions that could undermine global technology demand.

TSMC, whose clients include iPhone maker Apple, said that July-September profits were $2.9 billion. Down on what analysts expected, particularly with the release of new iPhones.

It should have been a good time for TSMC because rival GlobalFoundries announced that it would not compete in the latest generation of chip-making technology. ASML which supplies TSMC posted better-than-expected third quarter results, and it was thought that this would herald a good result for TSMC

The intensifying trade spat between the United States, and China could also be a near term risk for TSMC.

KGI analyst Benjamin Chiang said in a report before the results in early October that near term demand for products such as servers will be affected by the trade spat, but TSMC’s leading position in foundries could help it partially offset that.
https://fudzilla.com/news/47418-tsmc-sees-profits-fall

19th October 2018, 09:49	#1
Stefan Mileschin [M] Reviewer Join Date: May 2010 Location: Romania Posts: 148,597	TSMC sees profits fall As an expected trade war looms Taiwan Semiconductor Manufacturing has reported a 0.9 percent fall in third quarter net profits. Meanwhile, analysts are worried that the worst is yet to come thanks to slumping phone demand and worries over trade tensions that could undermine global technology demand. TSMC, whose clients include iPhone maker Apple, said that July-September profits were $2.9 billion. Down on what analysts expected, particularly with the release of new iPhones. It should have been a good time for TSMC because rival GlobalFoundries announced that it would not compete in the latest generation of chip-making technology. ASML which supplies TSMC posted better-than-expected third quarter results, and it was thought that this would herald a good result for TSMC The intensifying trade spat between the United States, and China could also be a near term risk for TSMC. KGI analyst Benjamin Chiang said in a report before the results in early October that near term demand for products such as servers will be affected by the trade spat, but TSMC’s leading position in foundries could help it partially offset that. https://fudzilla.com/news/47418-tsmc-sees-profits-fall

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