TSMC predicts earnings growth up to the end Godana Saveliev | 18.07.2019
Wednesday, July 10, Taiwan Semiconductor Manufacturing Co (TSMC) has published on its website a report on the revenues. According to him, revenues for June amounted to approximately 85,87 billion NT dollars
($2.76 billion), which is 6.8% more than in may 2019 and 21.9% more than in June 2018, However, the income for the first half made up 14.78 billion dollars, that is, there was a decrease by 4.5%
on an annual basis.
TSMC is one of the largest manufacturers of semiconductor products and supplier companies such as Apple and Qualcomm, and its financial performance is usually evaluated approximately
the situation on the market. Now the company expects a recovery in demand towards the end of the year, especially on the part of manufacturers of smartphones, which prevents a trade war between China and the United States.
TSMC estimated turnover in July-September 2019 will reach 9.1 9.2 billion U.S. dollars, which is approximately 18% higher than the previous quarter. The market experts expect sales in
the third quarter in the range of 8.9 billion dollars and gross profit in the range of 46% -48% in the fourth.
According to its forecasts, revenue is expected to grow by 8.4% in U.S. dollars compared to the previous year. The main reason named chips for 5G, as Samsung Electronics, Huawei and many others
will strive to produce new products with support of networks of the fifth generation. In addition to manufacturers of smartphones, this need will be felt by all who are engaged in high performance computing.
The effect of the spread of 5G is already possible to evaluate for example, the Dutch manufacturer of semiconductor equipment ASML Holding NV, a supplier TSMC, which exceeded the profit estimate of analysts in
the second quarter. However, some are skeptical of such statements, considering that the introduction of the 5G is slow, Yes, and smartphones that support this technology, interest is not enough.
Shares of TSMC rose by 13%. Its market value currently stands at approximately 210 billion dollars. Among the chip manufacturers and equipment ciowego in this figure are larger
only Samsung and Intel.
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