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: X-ray detector on plastic delivers medical imaging performance

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

Ex-Apple chief plans mobile phone for India

3 hours ago

Former Apple chief executive John Sculley, whose marketing skills helped bring the personal computer to desktops worldwide, says he plans to launch a mobile phone in India to exploit its still largely untapped ...

Health care site flagged in Heartbleed review

16 hours ago

People with accounts on the enrollment website for President Barack Obama's signature health care law are being told to change their passwords following an administration-wide review of the government's vulnerability to the ...

Airbnb rental site raises $450 mn

17 hours ago

Online lodging listings website Airbnb inked a $450 million funding deal with investors led by TPG, a source close to the matter said Friday.

Four questions about missing Malaysian plane answered

17 hours ago

Travelers at Asian airports have asked questions about the March 8 disappearance of Malaysia Airlines Flight 370 while en route from Kuala Lumpur to Beijing. Here are some of them, followed by answers.

Android gains in US, basic phones almost extinct

Apr 18, 2014

The Google Android platform grabbed the majority of mobile phones in the US market in early 2014, as consumers all but abandoned non-smartphone handsets, a survey showed Friday.

User comments : 0

More news stories

Ex-Apple chief plans mobile phone for India

Former Apple chief executive John Sculley, whose marketing skills helped bring the personal computer to desktops worldwide, says he plans to launch a mobile phone in India to exploit its still largely untapped ...

Airbnb rental site raises $450 mn

Online lodging listings website Airbnb inked a $450 million funding deal with investors led by TPG, a source close to the matter said Friday.

Health care site flagged in Heartbleed review

People with accounts on the enrollment website for President Barack Obama's signature health care law are being told to change their passwords following an administration-wide review of the government's vulnerability to the ...

A homemade solar lamp for developing countries

(Phys.org) —The solar lamp developed by the start-up LEDsafari is a more effective, safer, and less expensive form of illumination than the traditional oil lamp currently used by more than one billion people ...

NASA's space station Robonaut finally getting legs

Robonaut, the first out-of-this-world humanoid, is finally getting its space legs. For three years, Robonaut has had to manage from the waist up. This new pair of legs means the experimental robot—now stuck ...

Filipino tests negative for Middle East virus

A Filipino nurse who tested positive for the Middle East virus has been found free of infection in a subsequent examination after he returned home, Philippine health officials said Saturday.

Egypt archaeologists find ancient writer's tomb

Egypt's minister of antiquities says a team of Spanish archaeologists has discovered two tombs in the southern part of the country, one of them belonging to a writer and containing a trove of artifacts including reed pens ...