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TSMC expects 5G earnings boost, flags South Korea-Japan spat as risk
TAIPEI (Reuters) - Taiwan Semiconductor Manufacturing Co Ltd (TSMC) on Thursday said it expects a stronger half-year on 5G telecoms demand, and that a dispute over chip-making materials between Japan and South Korea is its most uncertain factor.
The world's largest contract chipmaker reported a decline in second-quarter profit, but said demand is likely to recover during the rest of 2019 particularly from smartphone makers, hampered at present by the impact of a Sino-U.S. trade war.
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Earlier, TSMC, a proxy for technology demand as its clients include iPhone maker Apple and chip leader Qualcomm Inc, reported a 7.6% decline in April-June net profit at T$66.77 billion ($2.15 billion), meeting analyst estimates.
Revenue rose 3.3% to T$241 billion, but fell 1.4% to $7.75 billion in U.S. dollar terms - still topping both the firm's forecast and the average of 23 analyst estimates compiled by Refinitiv.
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https://finance.yahoo.com/news/tsmc-seco...04893.html
![[Bild: TSMc1dl0628.png]](https://finviz.com/publish/071919/TSMc1dl0628.png)
TAIPEI (Reuters) - Taiwan Semiconductor Manufacturing Co Ltd (TSMC) on Thursday said it expects a stronger half-year on 5G telecoms demand, and that a dispute over chip-making materials between Japan and South Korea is its most uncertain factor.
The world's largest contract chipmaker reported a decline in second-quarter profit, but said demand is likely to recover during the rest of 2019 particularly from smartphone makers, hampered at present by the impact of a Sino-U.S. trade war.
...
Earlier, TSMC, a proxy for technology demand as its clients include iPhone maker Apple and chip leader Qualcomm Inc, reported a 7.6% decline in April-June net profit at T$66.77 billion ($2.15 billion), meeting analyst estimates.
Revenue rose 3.3% to T$241 billion, but fell 1.4% to $7.75 billion in U.S. dollar terms - still topping both the firm's forecast and the average of 23 analyst estimates compiled by Refinitiv.
...
https://finance.yahoo.com/news/tsmc-seco...04893.html
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