TSMC Forecasts Sales Below Estimates Amid Smartphone Slowdown
- Margins disappoint as worldwide mobile demand fizzles out
- Contract chipmaker's income fell for a third straight quarter
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Taiwan Semiconductor Manufacturing Co. forecast second-quarter sales below analyst estimates as decelerating smartphone demand and sliding personal computer shipments hit revenue.
Sales will be between NT$215 billion ($6.6 billion) and NT$218 billion in the second quarter, the world’s largest contract maker of microchips said Thursday. That compares with analysts’ projections for NT$225 billion.