Recently TSMC company reported on the work in the third calendar quarter. In terms of revenue it is not so bad: for the year it grew by 1.7% and the quarter - by 3.4% (to $ 6.5 billion.). But Net income for the quarter decreased by 5% and for the year - by 1.3% (to $ 2.3 billion.). The fourth quarter promises to be even worse. According to TSMC estimates, revenues in the fourth quarter relative to the third quarter will fall by 4-5%, while for the entire 2015 annual revenues promises to be 10-11% more than the annual revenue for the entire 2014. In general, the third and fourth quarter showed and shows that the demand for semiconductors is reduced.
The deterioration of the current and projected financial performance of leading analysts of TSMC third time this year downgraded the development of the semiconductor market and production. So, in April 2015 TSMC company estimated that at year-end semiconductor market will grow by 4%. In July, the company lowered its growth forecast to 3% of the market. The new forecast of the company said that the semiconductor market in 2015 will experience zero growth.
Earlier this year, the company expects growth in production capacity at the level of 10%. In July, the forecast was degraded to an increase of 6%, Reduced revenues forced the company to reduce the volume of planned investments in capacity expansion and other capital expenditures to $ 10,5- $ 11 billion To $ 8 billion. This is below the limit of 2012 when capital expenditures were $ 8.32 billion. In 2016, however The company plans to book an investment of more than 2015.