Here's Why Taiwan Semiconductor Manufacturing Co. Ltd.'s 16-Nano Shipments Dropped

Taiwan Semiconductor Manufacturing Company (NYSE: TSM) is the world's largest contract chip manufacturer by revenue. The company builds chips for a broad set of customers across a range of manufacturing technologies.

Each quarter, TSMC breaks out the percentage of its total revenue by manufacturing technology generation. In its most recent quarter, TSMC reported that revenue from its 16-nanometer and 20-nanometer technologies combined made up 24% of its revenue.

This figure was down from 31% in the same period a year ago.

Source: Fool.com