TSMC: Cryptocurrency Mining Drove Strong Third Quarter Revenue
Cryptocurrency mining was a boon this past quarter for semiconductor foundry operator TSMC, according to new statements.
Taiwanese chip-making giant TSMC has forecast that revenue growth will be impacted by weakness in cryptocurrency mining demand in Q4.
Semiconductor manufacturing giant TSMC said Thursday that it expects demand for cryptocurrency mining-related products to cool.
Chip-making giant TSMC has reported a significant drop in revenue for its crypto mining segment in 2018.
Cryptocurrency mining orders have helped set a new monthly sales record for Taiwanese semiconductor maker TSMC.
Cryptocurrency mining demand provided a boost to TSMC's fourth-quarter revenue, according to new statements from the foundry giant.