ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print

TSMC signals bottom of chip cycle as quarterly profits tumble

Industry bellwether sees demand pick up by mid-2019 despite downtrends

A production site for Taiwan Semiconductor Manufacturing Co., the world's largest contract chipmaker.  (Photo courtesy of TSMC)

TAIPEI -- Taiwan Semiconductor Manufacturing Co, the world's biggest contract chipmaker, is signalling the semiconductor slump is nearing its end despite predicting a decline in revenues for the second quarter.

"We believe we may have passed the bottom of cycle of our business," said CEO C.C. Wei, as he unveiled a 31% drop in net profits for the first three months of the year. "We are seeing customers' demand stabilizing. We also see customer's inventories will be substantially about the middle of this year."

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more