Taiwan Semiconductor's profit and revenue fell in the first quarter


Taiwan Semiconductor, the world's largest chip maker and one of the main suppliers of American Apple, said that in the first quarter of 2019, its net profit fell almost 3 times compared to the same quarter a year earlier, amounting to 61 billion 400 million new Taiwan dollars. Experts had expected a smaller decline in the index - to 64 billion 600 million. Revenues amounted to 218 billion 700 million new Taiwan dollars, also noting a significant decrease for the year - by 12%. The company expects that in the second quarter its revenue will be in the range of 7 billion 550 million - 7 billion 650 million US dollars. Since the beginning of the year, its capitalization has increased by more than 17%.

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