TSMC forecasts sales fall

Chip industry bellwether TSMC reckons its Q4 revenues will be less than its Q3 revenues – the first q-on-q drop for four years.

Q4 sales are estimated at between $6.08 billion and $6.21 billion while Q3 sales are estimated at $6.45 billion.

TSMC blamed the Q4-Q3 sales drop on falling demand for smart phone SoCs with Chairman Morris Chang saying that the slow rate of decline of the inventory of mobile SoCs is “not a very good omen”.

TSMC expects gross profit of between 47% to 49% and operating profit of between and 36.5% to 38.5%.

TSMC is looking at full-year growth of 10%.

david manners

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via Yuichun