https://wccftech.com/tsmc-sales-iphone-chips-bad-outlook-crypto-earnings-tsmc-net-income-q2-earnings/

Taiwanese fab TSMC (TPE:2330) has posted its earnings results for 2018’s second quarter. TSMC’s having a good time research-wise, as it took the lead from Samsung in next-generation 7nm chip manufacturing. But, this gain will not translate into immediate revenue, and for the quarter the company is reducing its forecasts for the next quarter. Head over below for more details.

TSMC’s had a solid yearly run, as the company posts strong growth in both Revenue and Net Income. For 2018’s second quarter, the company reported Net Revenue of $7.85 Billion (NT$ 233.28) and Net Income of NT$ 72.29 Billion. These are however some of the only positives that can be gleaned off of the fab’s latest earnings results.