BRIEF-TSMC Says Revises Down 2018 Capex
July 19 (Reuters) - Taiwan Semiconductor Manufacturing Co Ltd :
* SAYS IT EXPECTS 2018 CAPEX TO BE $10-10.5 BILLION VERSUS EARLIER FORECAST OF $11.5-12 BILLION (NOT $10.5-11 BILLION)
* SAYS IT SEES Q3 REVENUE AT $8.45-8.55 BILLION
* SAYS IT SEES Q3 GROSS PROFIT MARGIN AT 48-50 PERCENT (VERSUS Q2 47.8 PERCENT)
* SAYS IT SEES Q3 OPERATING MARGIN AT 36.5-38.5 PERCENT (VERSUS Q2 36.2 PERCENT)
* SAYS FY REVENUE TO GROW HIGH SINGLE DIGIT PERCENT VERSUS PREVIOUS FORECAST OF 10 PERCENT
* SAYS IT SEES SOFTER DEMAND FROM CRYPTO CURRENCY IN H2 THIS YEAR Further company coverage:
