Seeking Alpha

TSMC (TSM -2.3%) closes lower after missing Q2 estimates. As the world's biggest chip foundry,...

TSMC (TSM -2.3%) closes lower after missing Q2 estimates. As the world's biggest chip foundry, TSMC's performance can shed a light on broader chip demand. The company is guiding for Q3 sales to grow 6%-8% Q/Q, largely in-line with estimates, but also cautions distributor and customer inventories are high, with the former expected to reach 12 days above seasonality by the end of Q3. An inventory correction is expected in Q4, though TSMC is still guiding for above-seasonal performance.
From other sites
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Tools
Find the right ETFs for your portfolio:
Seeking Alpha's new ETF Hub
ETF Investment Guide:
Table of Contents | One Page Summary
Read about different ETF Asset Classes:
ETF Selector