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Gloomy prospects for TSMC in Q4 2008?

Posted on Friday, September 26 2008 @ 23:58:21 CEST by


A number of investment banks believe TSMC's shipments will decline in Q4 2008 and Q1 2009:
FBR expects an 8-10% sequential decline in TSMC shipments in the fourth quarter due to order cuts from a number of sectors, including games consoles, digital video equipment, STBs, DVDs, flat panels as well as Bluetooth chips.

TSMC is likely to see its shipments continue to decline 5-10% sequentially in the first quarter of 2009, FBR added.

HSBC expects TSMC's capacity utilization rate to fall to 75% in the fourth quarter and further decline to 65% in the first quarter of 2009 – the lowest level in recent years.




 



 

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