Taiwan Semiconductor profits soar

Jan 28, 2010
A technician with the Taiwan Semiconductor Manufacturing Co (TSMC) works in a cleanroom of the company's semiconductor manufacturing plant. TSMC said net profits in the three months to December more than doubled from a year earlier due to strong demand for computer application chips.

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.

And the company, the world's leading contract maker by revenue, added investment this year would be ramped up almost 90 percent as it tries to keep ahead of its rivals.

TSMC said its for the fourth quarter was 32.7 billion Taiwan dollars (one billion US), up 162.5 percent year-on-year, the company said.

The performance beat analyst forecast and was made possible by its faster-than-expected adoption of more advanced technologies, which allowed it to lift prices.

Revenues from customers based in North America accounted for 71 percent of the total, while sales from Asia Pacific and China, Europe and Japan accounted for 16 percent, respectively.

Its sales for the three-month period came in at 92.09 billion Taiwan dollars, up 42.6 percent if compared with 64.56 billion a year ago, the company said.

The company's capital expenditure for 2010 is expected to surge to 4.8 billion US dollars as TSMC chairman Morris Chang forecast that the global foundry industry's output would rise 29 percent this year.

"With the fast increase in capital investment... TSMC may further consolidate its lead in the race against competitors," said Amigo Liu of Topology Research Institute, a private electronics think tank based in Taipei.

Explore further: Google searches hold key to future market crashes

add to favorites email to friend print save as pdf

Related Stories

Taiwan's HTC says profit down 30 percent

Apr 06, 2009

Taiwan's smartphone maker HTC Corp posted a year-on-year 30 percent fall in first quarter net profit as the global economic meltdown hit sales, the company said Monday.

SKorea's Hynix swings to profit as chip industry recovers

Jan 21, 2010

South Korea's Hynix Semiconductor said Thursday it swung to a net profit in the fourth quarter, following a loss in the period the year earlier, in a further sign that the global chip industry is recovering from a two-year ...

Lenovo reports losses as sales plummet (Update)

May 21, 2009

China's Lenovo, the world's fourth largest maker of personal computers, Thursday reported a net loss of 226.4 million US dollars in the 2008-09 fiscal year citing structural changes and weak sales.

Recommended for you

Google searches hold key to future market crashes

7 hours ago

A team of researchers from Warwick Business School and Boston University have developed a method to automatically identify topics that people search for on Google before subsequent stock market falls.

Lenovo's smart glasses prototype has battery at neck

9 hours ago

China's PC giant Lenovo last week offered a peek at its Google Glass-competing smart glass prototype, further details of which are to be announced in October. Lenovo's glasses prototype is not an extreme ...

Amazon launches 3D printing store

12 hours ago

Amazon announced Monday the launch of an online store for 3D printed items to allow consumers to customize and personalize items like earrings, pendants, dolls and other objects.

User comments : 0