TSMC Expects Another Weak Quarter as Smartphone Woes Persist
- The Apple and Huawei chipmaker posted a 32% slide in profit
- TSMC still struggles with a plateauing market for mobile
Photographer: Maurice Tsai/Bloomberg
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Taiwan Semiconductor Manufacturing Co. is predicting another weak quarter for revenue growth, as the chipmaker to Apple Inc. and Huawei Technologies Co. grapples with global smartphone market malaise.
The world’s largest made-to-order chipmaker is predicting revenue of $7.55 billion to $7.65 billion in the June quarter, versus an average estimate for $7.6 billion and little changed from a year earlier. On Thursday, TSMC reported a larger-than-anticipated 32 percent plunge in net income during the January to March period.