Chipmaker braces for a course correction but remains 'highly confident' in long-term outlook
TSMC said it expects Q3 revenue to be between $19.8 billion and $20.6 billion, and gross margin to be between 57.5 per cent to 59.5 percent, or 58.5 percent at the midpoint - down 600 basis points year-on-year.
As to the effects of any course correction, Wei said the team was"highly confident in... long-term growth outlook" as it was well positioned to capitalize on 5G and high-performance computing. Furthermore, demand in chips for consumer electronics is expected to shift to demand in datacenters and carmakers as the worldwide economy declines, encouraging TSMC production to shift and remain profitable.
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