TSMC shares fall af­ter ru­mors on Ap­ple cuts

The China Post - - LOCAL -

Tai­wan Semi­con­duc­tor Man­u­fac­tur­ing Co. ( TSMC, ) re­it­er­ated Wed­nes­day that its ad­vanced 16 nanome­ter process used for chip pro­duc­tion is pro­ceed­ing smoothly, amid mar­ket spec­u­la­tion that Ap­ple Inc. has pulled some of its or­ders.

Ship­ments of prod­ucts made on the 16nm process will meet ex­pec­ta­tions, TSMC said, adding that there have been no or­der cuts.

Ac­cord­ing to ru­mors, Ap­ple could trans­fer its or­ders from TSMC to Sam­sung Elec­tron­ics Co. of South Korea for lower OEM prices, to pre­pare for the launch of its next gen­er­a­tion of the iPhone.

TSMC could lose or­ders for 10,000 chips, bring­ing out­put down to only 20,000, ac­cord­ing to the ru­mors.

The ru­mors have dragged down TSMC shares since the be­gin­ning of this week, when the Tai­wanese com­pany had to re­spond be­fore the mar­ket closed to deny the ru­mors and stress that its 16nm process is work­ing smoothly.

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