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Taiwan Semiconductor Manufacturing Company - It's Not About Crypto, It's About Blockchain

Jul. 03, 2018 – 

Summary

TSM cited uncertainty in the cryptocurrency market, which makes up 2.5% of its revenue through the manufacture of ASIC chips sold to crypto miners.

Cryptocurrencies such as Bitcoin have lost 60% of their value since the beginning of 2018.

Artificial intelligence will use principles of cryptocurrency as the next platform for TSM's ASICs.

Taiwan Semiconductor Manufacturing Company (TSM) will post Q2 earnings on July 17 amidst an environment where the company cut its revenue growth forecast for 2018 to 10% from the previously estimated 10-15%, citing weaker-than-expected smartphone demand and growing uncertainty facing the cryptocurrency mining market.

In its Q1 conference call on April 20, 2018, TSMC Co-CEO, President and Additional Director C. C. Wei commented:

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