Online.barrons.com
0
All posts from Online.barrons.com
Online.barrons.com in Online.barrons.com,

Even Apple Can’t Save TSMC: Why Goldman Still Likes This Stock

Apple‘s (AAPL) semiconductor foundry supplier TSMC (2330.Taiwan/TSM) issued a profit warning after the Taiwan market close yesterday.

TSMC said fourth-quarter sales will be 198 to 204 billion new Taiwan dollars, below the street consensus of NT$213 billion polled by Bloomberg.

TSMC also raised its third-quarter revenue guidance to NT$211-213 billion, from NT$207-210 billion before, but it was only due to a more favorable exchange rate. In the third quarter, the new Taiwan dollar depreciated 6.4% against the greenback.

Even Apple can’t save TSMC, said Maybank‘s Warren Lau, adding:

TSMC now expects FY15 sales to...


More