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Navigation Primary Navigation Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Secondary Navigation Singapore Asia Pacific World Search Search: Taiwan chip-maker TSMC lowers sales forecast AP - 2 hours 28 minutes ago TAIPEI, Taiwan - Taiwan Semiconductor Manufacturing Co., the world's largest chip contractor, lowered its fourth quarter sales forecast by 8.6 percent, as the global economic slowdown continued to cut demand for wafers. Revenue for the October-December period, previously expected at 71 billion New Taiwan dollars ($2.1 billion), would fall to NT$65 billion, the company said on its Web site Tuesday. Profit margin would drop to 17-19 percent from the earlier forecast of 21-23 percent, it said. The chip contractor's latest fourth quarter sales forecast represents a 32 percent fall in sales from the third quarter. TSMC supplies chips to leading manufacturers of computers, cell phones and other consumer electronic goods around the world. Analysts said the lower TSMC forecast shows that the upcoming Christmas shopping season has failed to lift wafer demand. Other semiconductor firms, including designing and packaging and testing companies, could also lower their forecasts, they said. TSMC shares plunged 6.8 percent in morning stock trading Tuesday. The weighted price index of Taiwan's stock market fell more than 4 percent tracking Wall Street's overnight losses. Email Story IM Story Printable View Blog This Recommend this article Average (0 votes) Sign in to recommend this article » Most Recommended Stories » Related Articles: Business JGBs rise on Nikkei's slide, surge in TreasuriesReuters - 15 minutes ago Mining group Vedanta launches $250 mln share buybackReuters - 17 minutes ago TEXT-BOJ takes steps to ease firms' funding squeezeReuters - 18 minutes ago South Korean won down as econ worries hit sharesReuters - 18 minutes ago Boeing engineers, tech workers ratify contractsAP - 21 minutes ago Most Popular – Business Viewed Wall Street plunges as recession becomes reality World AIDS Day highlights big challenges 20 years on Saudi king says 75 dollar oil price 'fair' Love handles increase death risk: study World's oldest person dies at 115 years View Complete List » Search: Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular

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