TSMC reports 16 percent rise in 2Q profit

Jul 19, 2012

(AP) — Taiwan Semiconductor Manufacturing Co., the world's largest contract chip maker, says its second quarter profit rose 16 percent year-on-year and predicted continuing strong growth in the third quarter.

The company said Thursday its second quarter net was New Taiwan dollars 41.81 billion ($1.4 billion) on revenue of NT$128.06 billion.

supplies chips for use in gadgets including Apple's iPhones and iPads.

The company said that sales of its advanced technologies — 28-nanometer, 40-nanometer and 65-nanometer — accounted for 61 percent of total wafer revenues, and that shipments of the cutting edge 28-nanometer chip are expected to double in the third quarter.

Smartphones and tablet computers are the main drivers of demand for advanced chips.

Explore further: The New York Times to cut 100 newsroom jobs

not rated yet
add to favorites email to friend print save as pdf

Related Stories

TSMC reports shrinking profit, revenue in 3Q

Oct 27, 2011

(AP) -- Taiwan Semiconductor Manufacturing Co., the world's largest contract chip maker, said Thursday its earnings dropped by more than a third in the latest quarter amid uncertainties about the global economy.

Taiwan Semiconductor profits up nearly 25%

Jan 27, 2011

Taiwan Semiconductor Manufacturing Co, the world's leading contract microchip maker, said Thursday its profits in the three months to December rose nearly 25 percent on the back of strong demand.

Taiwan Semiconductor profits soar

Jan 28, 2010

Taiwan Semiconductor Manufacturing Co said Thursday net profits in the three months to December more than doubled from a year earlier due to strong demand for computer application chips.

Chipmaker ASML sees Q2 profit drop on sales fall

Jul 18, 2012

(AP) — ASML Holding NV, the largest supplier of manufacturing equipment to computer chip makers, says its net profit fell to €292 million ($359 million) in the second quarter from €432 million in the same period ...

Chip foundry has trouble meeting 28nm demand

Jun 16, 2012

(Phys.org) -- The next big things in mobile devices are being hammered by the next big headache for device makers—the chips at the foundation of their supply chain. High demand for devices is trickling down to the fact ...

Recommended for you

Germany's Rocket Internet has lukewarm IPO

1 hour ago

Germany's ambitious start-up platform Rocket Internet made its high-profile arrival on the Frankfurt stock market on Thursday but got off to a disappointing start as shares slumped in morning trading.

Samsung China supplier sues US labor watchdog

1 hour ago

A Chinese supplier of Samsung Electronics Co. filed a lawsuit accusing a New York City-based labor watchdog of spreading false rumors of child labor, but the labor group says it has evidence to back up its report.

The New York Times to cut 100 newsroom jobs

18 hours ago

The New York Times Co. says it is cutting about 100 newsroom jobs through buyouts and layoffs in an effort to trim costs and focus more on its digital efforts.

User comments : 0