TSMC

Taiwanese electronics giant expects further drop in demand

The world's largest chipmaker, TSMC, is also assuming lower demand for the current quarter. The Taiwanese group expects sales of between USD 15.2 billion and USD 16 billion (EUR 13.88 billion to EUR 14.61 billion) and thus a drop of almost a tenth compared to the previous quarter, as announced Thursday. fair in Hsinchu. “We expect our business to be further affected by our customers' inventory adjustments,” said CFO Wendell Huang. Profitability is also expected to decline further.

Target revenue for the current quarter was lower than analysts had expected on average. However, TSMC has not made concessions in its investment planning for this year. In recent days, media reports have speculated about it. TSMC Chief Financial Officer Huang spoke of a "reasonable and prudent" budget, given the retained plan of $32 billion to $36 billion in capital expenditures for this year. Demand in the first three months was also not as weak as feared. According to corporate planning, the drop in demand in the second quarter should slow down compared to the previous quarter.

In the first three months, TSMC registered sales equivalent to 16.72 billion US dollars (15.3 billion euros) – compared to the previous quarter, a drop of good 16 percent. The end result is that the company, which counts technology giants such as Apple, Nvidia and AMD among its customers and is considered a benchmark for the electronics industry, made a profit of around TWD 207 billion (TWD 6.2 billion). euros) in the first three months of the year. This was about 30% lower than the previous quarter.

by: mundophone