TSMC lowered its profit forecast for the fourth quarter
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POSTER: computer news || TSMC LOWERED ITS PROFIT FORECAST FOR THE FOURTH QUARTER |
DATE:2008-12-02 |
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TSMC and UMC Companies more than once declared about their intentions to reduce the production volumes and to decrease expenses in connection with economic crises.
Today associate with the reference to TSMC representatives statements reported that the company decreased its forecasts for the gain and profit rates in the fourth quarter. If earlier it expected to obtain in the current block approximately $2,07-2,13 billion from production sale , then now forecast was reduced by 8-9% to $1,9 billion this is 30% lower than the past block. The deliveries volumes of silicic plates were reduced due to the economic crisis. TSMC also forecasts, that in this block the standard gross profit will be lowered to 30-32%, and the profit rate from the basic activity will be lowered to 17-19%. In both cases this is up to 4% below earlier forecasts. The last time when TSMC decreased its forecasts according to the financial activity results was in 2001. | ||
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TSMC LOWERED ITS PROFIT FORECAST FOR THE FOURTH QUARTER |
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