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TSMC guides Q3 revenue higher, but wary of currency blows

Reuters  |  TAIPEI 

By Jess Macy YuTAIPEI (Reuters) - Taiwan Semiconductor Manufacturing, the world's largest contract chipmaker and a key Apple supplier, forecast third-quarter revenue to rise after a traditionally weak second quarter that was also hit by unfavourable currency moves.Taiwan's most valuable company said that new gadget launches in the second half, particularly smartphones, will help boost its revenue for the quarter ending in September by at least 15 percent versus the June quarter, which suffered from the appreciation of the Taiwanese currency against the U.S. dollar. "Almost 100 percent of ...

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First Published: Thu, July 13 2017. 17:28 IST