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.
Gloomy prospects for TSMC in Q4 2008?
Posted on Friday, Sep 26 2008 @ 23:58 CEST by Thomas De Maesschalck