TSMC sees profits down
 

Supply-chain inventory constraints

TSMC claimed that supply-chain inventory constraints hurt its net profit in the third quarter, although not as badly as many analysts had predicted.

The outfit forecast revenue growth of about 10 percent in the fourth quarter when sales begin for Apple’s iPhone X, which is widely expected to carry TSMC-made chips.

Profit fell 7.1 percent to $2.98 billion in July-September which was slightly higher than analysts predicted. Revenue rose 1.5 percent slightly above a forecast issued in July.

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