TSMC expects 14% Q1 revenue drop
January 18, 2019
TSMC expects a 14% drop in Q1 revenue to $7.3/7.4 billion citing big inventories in smartphone ICs caused by dropping smartphone sales
H2 smartphone launches could retrieve the situation but, for now “the inventory in the supply chain is quite a lot”, says TSMC chairman Mark Liu said at a post-earnings conference.
The 14% drop expected for Q1 would be the biggest since the 54% drop in Q1 2009.
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