In TSMC has revised the growth forecast for this year
Taiwan Semiconductor Manufacturing Company (TSMC) has revised growth forecast for this year from 7% to 5%. The reason for the revision steel stock stocks of products in the supply chain.
According to TSMC, the particular pessimism cause the stocks of customers operating in the markets of smartphones and PCs. In this quarter, TSMC expect a decrease in consolidated revenue by 8-9% compared with the previous quarter.
At the same time, TSMC plans «very quickly» to increase production of 10-nanometer products in the second half. Overall for the year 10-nanometer production should provide about 10% of the income of the company.