Semiconductors Sidelined for the Season

As we close out the first week of the earnings season, we are lowering our estimates across our semiconductor coverage universe and would move to the sidelines during the summer months. Overshadowing Intel’s (ticker: INTC) favorable guidance, in our view, were the poor results/guidance from Fairchild Semiconductor International (FSC) and Taiwan Semiconductor Manufacturing (TSM). We are seeing mounting…

Read the source article at Financial Investment News

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