Leading manufacturer of microchips, Taiwan Semiconductor Manufacturing Co. (TSMC) has lowered its projected annual revenue due to falling demand from miners and smartphone market. Report TSMC can reduce prices on video cards, as the company produces chips for Nvidia Corp. and Qualcomm Inc. This writes Cointelegraph.
Mining loses profitability
Analysts TSMC lowered its forecast revenue growth below ten percent. Presumably, the capital expenditure of the company will be reduced from 12 to 10 billion dollars. The main reason for the slowdown in production, falling demand from miners.
In the second quarter of 2018 TSMC reported a 9% increase in net profit to $ 2.3 billion. The sales for the PC industry made up 21 percent of total revenue, which is 12 percent more than last year. Chief financial officer Lora Ho TSMC already found an alternative for the company.
TSMC will switch to the launch of new product lines, while the demand for cryptocurrency mining drops.
We will remind, in April TMSC analysts have reduced the projected rate of growth of income from 15 to 10 percent. In the first quarter on the market was observed growth trends in mining, but then the company faced a sharp decline in demand for 28-nanometer chips for ASIC miners.
Incidentally, the settings Antminer Z9 mini and Innosilicon A9 ZMaster for the production of zcash for, ZClassic, Bitcoin Private or Hush search for in this article.
Cryptocurrency is so greatly influenced the market of equipment that now bearish trend pulls down not only the price of Bitcoin. According to experts, the cost of the current generation of Nvidia cards will drop another 20 percent. In order not to miss the opportunity to collect cheap cryptoform, ask advice in our chat.
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