TSMC January sales down 58 percent

Posted on Tuesday, Feb 10 2009 @ 21:03 CET by Thomas De Maesschalck
Taiwanese foundry TSMC reports its January sales are down 58 percent year-over-year. The firm has been hit hard by the global economic downturn, and may see its utilization rate fall below 40 percent, which would be an historic low.
Taiwan Semiconductor Manufacturing Co. (TSMC) posted unconsolidated sales of NT$12.44 billion ($367 million) in January, a decline of 5 percent from December 2008 and 59 percent from January 2008, the company said Tuesday (Feb. 10).

On a consolidated basis, TSMC's January sales were NT$13.13 billion ($387 million), down 9 percent sequentially and 58 percent year-to-year, the company said.

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Thomas De Maesschalck

Thomas has been messing with computer since early childhood and firmly believes the Internet is the best thing since sliced bread. Enjoys playing with new tech, is fascinated by science, and passionate about financial markets. When not behind a computer, he can be found with running shoes on or lifting heavy weights in the weight room.

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