TSMC reports 32 percent profit jump in 4Q of 2012

Jan 17, 2013

Taiwan Semiconductor Manufacturing Co., the world's largest contract chip manufacturer, reported a 32 percent jump in profits in the final quarter last year, benefiting from increasing global sales of smartphones and tablet computers.

The company said in a statement Thursday that profits amounted to NT$41.6 billion ($1.4 billion) on revenue of NT$131 billion during the October-December period.

It said the company shipped more application processors and other chips for use in mobile devices. This more than made up for stagnant chip sales in computer and consumer electronics goods.

TSMC said it expects revenue to drop slightly in the first quarter this year. It grew 25 percent year-on-year last quarter.

But Chairman and CEO Morris Chang said revenue growth for the whole year of 2013 could exceed 7 percent because wafer production using the cutting-edge 28 nanometer technology is set to grow and account for up to 30 percent of overall production, up from last year's 12 percent.

TSMC is planning a record $9 billion of capital investment in 2013 to beat off competition, partly from South Korea's .

"We are ready to fight ... every new competitor," Chang said.

He did not address news reports that TSMC has been working with Apple Inc. to supply the Cupertino, Calif.-based company with the A6X processor to power the next generation of iPhones and .

Samsung is both Apple's main competitor in smartphones and tablet computers, as well as its principal supplier of processors. This has triggered speculation that Apple may be looking for a new processor source.

Explore further: Renesas announces SRAM using leading-edge 16 nm FinFET for automotive information systems

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

Related Stories

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.

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 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.

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 ...

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.

Smartphone maker HTC posts 58 percent profit drop

Aug 03, 2012

(AP) — Taiwan smartphone maker HTC Corp. reported Friday a 58 percent drop in second quarter profit year-on-year, its third consecutive quarterly decline as intensifying competition from Apple Inc. and Samsung Electronics ...

Recommended for you

North Korea behind Sony hack, FBI says

3 hours ago

North Korea was responsible for a "destructive" cyber attack on Sony Pictures, the US Federal Bureau of Investigation said Friday, warning it would hunt down the perpetrators and make them pay.

Clooney slams skittish Hollywood after Sony hack

5 hours ago

Film star George Clooney slammed the Hollywood movie industry for failing to stand up against the cyber threats that prompted Sony Pictures to cancel release of the movie "The Interview."

The state of shale

6 hours ago

University of Pittsburgh researchers have shared their findings from three studies related to shale gas in a recent special issue of the journal Energy Technology, edited by Götz Veser, the Nickolas A. DeCecco Professor of Che ...

Coping with floods—of water and data

7 hours ago

Halloween 2013 brought real terror to an Austin, Texas, neighborhood, when a flash flood killed four residents and damaged roughly 1,200 homes. Following torrential rains, Onion Creek swept over its banks and inundated the ...

User comments : 0

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.