Worst is not over yet for TSMC


The fact that the malware made it past security protocols is a black eye for a corporation that prides itself on its technological and operational superiority.

HONG KONG: The worst isn’t over yet for Taiwan Semiconductor Manufacturing Co (TSMC) after the stock suffered its most painful quarter in a decade, analysts warn.

TSMC will struggle to plug the hole left by Apple Inc’s declining smartphone orders in 2019, according to Sanford C. Bernstein’s Mark Li, who has told clients to prepare for the firm’s first annual profit drop in eight years.

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