"TSMC Is Facing A Situation In Which The Volume Of iPhone Chip Sales Is Insufficient To Balance The Fall In Other Chip Orders, Putting The Company On Course To Report A 10% Revenue Decline This Year, According To Industry Sources." - DigiTimes Alert
Portfolio Pulse from Benzinga Newsdesk
Taiwan Semiconductor Manufacturing Company (TSMC) is expected to report a 10% revenue decline this year due to insufficient iPhone chip sales to balance the fall in other chip orders, according to industry sources.
October 05, 2023 | 12:57 pm
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NEUTRAL IMPACT
Insufficient iPhone chip sales are contributing to TSMC's expected 10% revenue decline this year.
While Apple is indirectly mentioned through iPhone chip sales, the news does not directly impact Apple's stock price. However, it could indicate potential supply chain issues for Apple.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
NEGATIVE IMPACT
TSMC's revenue is expected to decline by 10% this year due to insufficient iPhone chip sales to balance the fall in other chip orders.
The news directly mentions TSMC and its expected revenue decline. This is likely to negatively impact the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100