More Bad News for AMD: TSMC says sales are way down!
TSMC's sales for Q4 will be way down. TSMC who makes AMD's console chips and most of its other higher end chips, reported yesterday that its sales were in steep decline for the Holiday quarter! Look out bagholders, this is shaping up to be a royal reaming this afternoon!
Heh. They blame a slow-down in smartphone shipments.
"The mobile product boat is slowing down," TSMC's chairman and chief executive officer, Morris Chang, told an investor conference in Taipei. He said the drop in fourth-quarter revenue is "mainly due to softer demand for certain high-end smartphones and inventory correction."
Why won't you tell us why their sales are in decline?
"TAIPEI, Oct 17 (Reuters) - Taiwan Semiconductor Manufacturing Co Ltd , the world's biggest contract chip maker, warned chip sales will fall sharply in the coming three months as mobile device makers rein in new product launches and high-end smartphone sales weaken."