TSMC's July sales soar
LONDON – July sales at foundry chip-making giant Taiwan Semiconductor Manufacturing Co. Ltd. were up 37.3 percent compared with July 2011 putting the company on course for exceptional growth in 2012. However, company chairman and CEO Morris Chang has previously warned that he expects a sharp slowdown in the fourth quarter that will last into the first quarter of 2013.
TSMC (Hsinchu, Taiwan) said July sales totaled NT$47.92 billion (about $1.60 billion) on an unconsolidated basis, up 11.8 percent compared with June on an unconsolidated basis. Sales for the year to July were NT$278.7 billion (about $9.31 billion), an increase of 13.6 percent compared to same period in 2011, TSMC said.
On a consolidated basis – including revenues from TSMC's U.S. subsidiary WaferTech – July sales totaled NT$48.525 billion (about $1.62 billion), up 11.7 percent from June and up 37.0 percent compared with July 2011, TSMC said. Consolidated revenues through July totaled NT$282.1 billion (about $9.42 billion), an increase of 12.2 percent compared with the same period of 2011, TSMC said.
On Wednesday (Aug. 8) rival foundry United Microelectronics Corp. also announced a strong bounce in July sales.
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