Friday, March 8, 2019

TSMC sees February revenues fall 22 per cent.

TSMC saw its consolidated revenues decline 22 per cent sequentially and hit a 22-month low of US$1.97 billion in February 2019. TSMC disclosed its cumulative 2019 revenues through February decreased 3.7 per cent from a year earlier.
TSMC said the production problems will cut revenue by as much as $550 million for the quarter ending in March. The company now expects revenue of $7 billion to $7.1 billion -- the lowest since the first quarter of 2016 -- compared with the previous projection of up to $7.4 billion.

Source: Fudzilla LINK

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