“Taiwan Semiconductor Manufacturing Company (TSMC) is likely to score record profits for 2018 as the company will be gradually ramping up volume production of 7nm process in the second half of the year to fulfill lucrative orders from Apple for fabricating A12 application processors for its 2018 new iPhone models and from Quacomm for processing its new-generation smartphone chips, according to industry sources,” Monica Chen and Willis Ke report for Digitimes.

“The sources said that TSMC will see its revenue ratio for advanced 7nm process hit a high of 20% in 2018, and may therefore post better-than-projected revenues and profits for the second half of the year and register an annual revenue growth of over 10%,” Chen and Ke report. “This is despite TSMC having lowered its revenue growth forecast for 2018 to 10% from the earlier projection of 10-15%, citing weaker-than-expected smartphone demand in the second quarter and growing uncertainty facing the cryptocurrency mining market.

Chen and Ke report, “Supply chain sources cited MediaTek’s lackluster performance in capturing orders for its latest AI-based Helio P60 SoCs from China smartphone vendors in the second quarter as another factor driving TSMC to revise downward its revenue growth projections for the year.”

Read more in the full article here.

MacDailyNews Take: As we wrote last week, “The stock market is a knee-jerker’s paradise.”

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