25 August 2019

TSMC lifts 1Q sales forecast on stronger chip demand, paper says

Taiwan Semiconductor Manufacturing Co. Ltd. (TSMC), the world’s biggest contract chipmaker, now expects its first-quarter sales to be up 0.8 percent from the preceding three months, compared to a previous forecast for 5-7 percent contraction, Economic Daily News reported Thursday, citing the firm’s chief financial officer Lora Ho. She attributed the increase, which is rare as the quarter is usually a light season, mainly to higher demand for 28-nanometer chip wafers and clients’ aggressive build-up of inventory, the report said. Some institutional investors expect TSMC’s annual sales to rise more than 15 percent this year and hit a new high, the report added.

– Contact HKEJ at [email protected]



    EJI Weekly Newsletter

    Please click here to unsubscribe