TSMC foresees lower revenue in Q2 2019

Taiwanese foundry TSMC said it expects its revenue to total $7.55 billion to $7.65 billion in Q2 2019, a drop of 2.6 percent to 3.9 percent versus the same period a year ago, and 6.4 percent to 7.8 percent more than the first quarter of the year.

"While the economic factor and mobile product seasonality are still lingering as we move into second quarter, we believe we may have passed the bottom of the cycle of our business as we are seeing demand stabilizing," said company CFO Lora Ho.

"In the first quarter, our business was impacted by the overall global economic condition which dampened the end market demand; customer inventory management to digest excess inventory in the semiconductor supply chain; and high-end mobile product seasonality," Ho continued. "Meanwhile, the net effect from the photoresist defect material incident also impacted our first quarter revenue by about 3.5%."

TSMC also shared that 7nm now makes up 22 percent of its total wafer revenue, and that 16nm and more advanced accounted for 42 percent of the total.

Via: DigiTimes