TSMC February revenue falls 22 percent

Posted on Monday, March 11 2019 @ 11:04 CET by Thomas De Maesschalck

DigiTimes reports TSMC's February sales hit a 22-month low of NT$60.89 billion (US$1.97 billion), a drop of 22 percent versus January. The Taiwanese foundry also revised its first-quarter revenue outlook to US$7-7.1 billion, down from an original estimate of US$7.3-7.4 billion, due to a larger-than-expected hit by the bad batch of chemicals.

TSMC disclosed its cumulative 2019 revenues through February decreased 3.7% from a year earlier to NT$144.38 billion.

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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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