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Taiwan Semiconductor revises down output target owing to recession
Dec 1, 2008, 13:05 GMT
Taipei - Taiwan Semiconductor Manufacturing Corp (TSMC), the world's largest contract chipmaker, on Monday revised down its fourth-quarter production target owing to the global recession.
'The company now expects fourth-quarter revenue to be between 63 billion and 65 billion Taiwan dollars (1.9 billion-1.96 billion US dollars), instead of the previous expectation of 69 billion-71 billion Taiwan dollars,' TSMC said in a statement.
TSMC, situated in the Hsinchu Science-based Industrial Park in the west of Taiwan, issued its previous fourth-quarter output forecast on October 30.
The downward revision is due to a reduction in wafer shipments resulting from continuing weakness in global economic conditions, the statement said.
TSMC is expected to release its fourth-quarter results on January 22.
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