Gloomy prospects for TSMC in Q4 2008?

Posted on Friday, Sep 26 2008 @ 23:58 CEST by Thomas De Maesschalck
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.

About the Author

Thomas De Maesschalck

Thomas has been messing with computer since early childhood and firmly believes the Internet is the best thing since sliced bread. Enjoys playing with new tech, is fascinated by science, and passionate about financial markets. When not behind a computer, he can be found with running shoes on or lifting heavy weights in the weight room.

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