DigiTimes reports TSMC saw its revenue increase 87.9 percent to NT$74.21 billion in the second quarter. However, compared to last year sales are still down 15.8 percent.
Taiwan Semiconductor Manufacturing Company (TSMC) posted consolidated revenues of NT$74.21 billion for the second quarter, up 87.9% from NT$39.5 billion in the first. On an annual basis, the sales experienced a 15.8% decline from NT$88.14 billion a year ago. The foundry had net income of NT$24.44 billion (US$743 million) for the quarter on gross margins of 46.2%, compared to 18.9% for the first quarter. Operating margin for the quarter climbed to 33.9%, also showing improvement compared to 3.1% for the previous quarter. Both margins beat the company's previous guidance for the quarter.
TSMC recorded wafer shipments of 1.97 million 8-inch equivalent units in the second quarter, up 121% from 892,000 units in the first. However, the shipments represent a 15.4% drop compared to 2.33 million units shipped a year ago..
Another interesting snip is the sales breakdown by technology, it may surprise some people but about 48 percent of TSMC's revenue comes from 130nm and below process technology, followed by 90nm with 23 percent and 65nm with 28 percent. Sales of 45/40nm nodes were just over 1 percent.