25 Apr '16, 6am

TSMC hires Merrill Lynch senior analyst, says report

TSMC hires Merrill Lynch senior analyst, says report Jessie Shen, DIGITIMES, Taipei; Jessie Shen, DIGITIMES [Monday 25 April 2016] A senior analyst with Merrill Lynch has been hired by Taiwan Semiconductor Manufacturing Company (TSMC) to play a role in the pure-play foundry's business strategy development, according to a recent report by Taiwan's Central News Agency (CNA). Daniel Heyler has been appointed as senior director of business strategy at TSMC, and will report directly to company CFO Lora Ho, the report said. At its most-recent investors meeting, TSMC cut its growth forecast for 2016 smartphone market growth to 7% from 8%. The foundry also predicted global 2016 shipments of PCs, tablets and consumer electronics devices will decrease 6%, 9% and 5%, respectively. Despite the cautious outlook, TSMC continues to ramp up production of 16nm chips while making progress w...

Full article: http://www.digitimes.com/news/a20160425PB200.html

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