Breaking News

Synology Unveils DiskStation DS225 Plus New PS5 system update beta previews DualSense wireless controller pairing across multiple devices EnGenius Multi-Gigabit Switch Delivers 2.5G Performance with 90W PoE Viltrox’s AF 90mm F3.5 Lens for the DJI Inspire 3 EnGenius Announces Affordable ECW520 Access Point

logo

  • Share Us
    • Facebook
    • Twitter
  • Home
  • Home
  • News
  • Reviews
  • Essays
  • Forum
  • Legacy
  • About
    • Submit News

    • Contact Us
    • Privacy

    • Promotion
    • Advertise

    • RSS Feed
    • Site Map

Search form

TSMC Expects Solid Performance Ahead

TSMC Expects Solid Performance Ahead

Enterprise & IT Jul 18,2019 0

Taiwan Semiconductor Manufacturing Co. (TSMC) projected current-quarter revenue ahead of estimates, as the Apple supplier shrugs off a smartphone slump and U.S. sanctions on Huawei Technologies to ride demand for cutting-edge chips.

The world’s largest contract chipmaker expects sales of $9.1 billion to $9.2 billion in the September quarter, ahead of average projections for about $8.9 billion. The Taiwanese company earlier reported a fall in June-quarter net income to NT$66.8 billion ($2.1 billion), surpassing the NT$65.7 billion estimated.

“We have passed the bottom of the cycle of our business, and should see our demand increase,” TSMC's Chief Executive Officer C. C. Wei said. “We see very, very strong demand” in the second half of 2019.

Orders for crypto-mining gear are expected to help TSMC’s third-quarter sales. The typical year-end ramp up of iPhone manufacturing and a new chip-product cycle from AMD could also buoy the top line. The trade spat between Japan and South Korea may also help TSMC, as Samsung Electronics customers such as Qualcomm may seek to diversify.

TSMC saw sales drop 4.5% year-on-year in the first half, as a result of a slowing global smartphone market and efforts by its biggest customer Apple to move beyond hardware. Then the trade war escalated into the U.S. blacklisting Huawei, TSMC’s second-largest customer.

However, the company's leading position in advanced technology, especially in 5G and artificial intelligence, helped it secure revenue.

Tags: TSMCfinance
Previous Post
Researchers Build Transistor-like Gate Using Qudits
Next Post
Microsoft Demonstrates the ElectionGuard Voting System

Related Posts

  • TSMC to boost 5nm chip output in 2H21

  • TSMC Announces 7nm Automotive Design Enablement Platform

  • Synopsys and TSMC Collaborate to Enable Designs of HPC, Mobile, 5G, and AI SoCs with Certified Solutions on TSMC N5 and N6 Processes

  • SoftBank Reports $18 Billion Loss from Vision Fund

  • Panasonic Annual Profit Decreased, Tesla Battery Venture Brings Gains

  • TSMC Does Not Accept New Orders From Huawei: Nikkei

  • TSMC to Build Arizona Chip Plant

  • Sony's Q4 Profit Dropped 57% on Low Image Sensor Sales

Latest News

Synology Unveils DiskStation DS225 Plus
Enterprise & IT

Synology Unveils DiskStation DS225 Plus

New PS5 system update beta previews DualSense wireless controller pairing across multiple devices
Gaming

New PS5 system update beta previews DualSense wireless controller pairing across multiple devices

EnGenius Multi-Gigabit Switch Delivers 2.5G Performance with 90W PoE
Enterprise & IT

EnGenius Multi-Gigabit Switch Delivers 2.5G Performance with 90W PoE

Viltrox’s AF 90mm F3.5 Lens for the DJI Inspire 3
Drones

Viltrox’s AF 90mm F3.5 Lens for the DJI Inspire 3

EnGenius Announces Affordable ECW520 Access Point
Enterprise & IT

EnGenius Announces Affordable ECW520 Access Point

Popular Reviews

be quiet! Light Loop 360mm

be quiet! Light Loop 360mm

be quiet! Dark Mount Keyboard

be quiet! Dark Mount Keyboard

be quiet! Light Mount Keyboard

be quiet! Light Mount Keyboard

Noctua NH-D15 G2

Noctua NH-D15 G2

Soundpeats Pop Clip

Soundpeats Pop Clip

be quiet! Light Base 600 LX

be quiet! Light Base 600 LX

be quiet! Pure Base 501

be quiet! Pure Base 501

Terramaster F8-SSD

Terramaster F8-SSD

Main menu

  • Home
  • News
  • Reviews
  • Essays
  • Forum
  • Legacy
  • About
    • Submit News

    • Contact Us
    • Privacy

    • Promotion
    • Advertise

    • RSS Feed
    • Site Map
  • About
  • Privacy
  • Contact Us
  • Promotional Opportunities @ CdrInfo.com
  • Advertise on out site
  • Submit your News to our site
  • RSS Feed