TAIPEI: Taiwan Semiconductor Manufacturing Co (TSMC) is predicting another weak quarter for revenue growth, as the chipmaker to Apple Inc and Huawei Technologies Co grapples with global smartphone market malaise.
The world’s largest made-to-order chipmaker is predicting revenue of US$7.55bil to US$7.65bil in the June quarter, versus an average estimate for US$7.6bil and little changed from a year earlier. Yesterday, TSMC reported a larger-than-anticipated 32% plunge in net income during the January to March period.
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