People under the age of 25 are too young to be able to afford cynicism - Diogenes the Pseudo Pesky Cynic
TAIWAN SEMICONDUCTOR MANUFACTURING (TSMC) saw its share price drop dramatically on Thursday as analysts predicted a loss of orders for next generation chips from Apple and Qualcomm.
Falling by almost six percent, the share price fell after industry expert and KGI Securities analyst Michael Li predicted that big device and chip designers such as Apple and Qualcomm will likely buy a larger proportion of 14nm smartphone chips from Samsung rather than TSMC beginning in the second half of 2015, according to Reuters.
Liu did not reveal the source of his information, which he issued late on Wednesday following an investor conference held after TSMC reported its second quarter earnings.
Despite the news, TSMC, which is the world's largest contract chip maker, reported its highest quarterly profit since the end of 2006, and said it expects revenue to grow at least a record 20 percent this year.
However, reports sent TSMC's share price down by around 5.75 percent in Thursday trade compared with a one percent decline in the benchmark index.
On Wednesday, chip maker Intel posted a quarterly record for microprocessor unit sales with better than expected earnings for the second quarter.
The record-breaking figures showed second quarter earnings of $2.8bn (£1.6bn) on $13.8bn (£8bn) in revenue, and were owing to the firm's surprisingly strong sales in the PC client group, which pulled in $8.7bn in revenue, as well as its data centre and internet of things divisions.
Intel's earnings of $0.55 per share were slightly above the expectations of Wall Street analysts, which had forecast lower earnings per share of $0.52 on revenue of $13.69bn.
The boost in the earnings of Intel's PC client group could be attributable to a growing number of businesses upgrading their old PC systems due to the end of life of Windows XP. µ