Still, the company's fundamentals remain strong, analysts said, and its stock was suffering from bearish market sentiment.
"We formally announced our annual sales and profits forecast on Sept. 14," said TSMC's Tzeng. "The forecast so far is expected to be reachable."
The company expects revenue for the year to reach NT$164.87 billion, up more than 125 percent compared to last year. Revenue so far this year amounts to 69 percent of that estimate.
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