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Taiwan Semiconductor's July revenues hit low, Q3 improvement expected

Published 08/11/2017, 08:15 AM
© Reuters.  Taiwan Semiconductor's July revenues hit low, Q3 improvement expected
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  • Taiwan Semiconductor Manufacturing Company’s (NYSE:TSM) July revenues fell to $2.36B, a three-month low that was down 14.9% sequentially and 6.3% on the prior year’s quarter.
  • Revenue could pick up in Q3 due to increased shipments of 10nm products, which the company expects to represent 10% of overall revenue compared to only one percent in Q2.
  • The company’s Q3 guidance has revenue from $8.12B to $8.22B, up 16% sequentially, compared to the $8.19B consensus. Full year revenue expected up 5% to 10% from last year's record $31.2B, compared to $31.73B.
  • Previously: Taiwan Semiconductor approves capex spending for expansions (Aug. 9)
  • Now read: Apple (NASDAQ:AAPL)'s Fastest Processor Ever


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