TSMC sees first sales decline in 22 months

Posted on Wednesday, August 10 2011 @ 13:39 CEST by Thomas De Maesschalck
FUD Zilla reports TSMC saw its July sales decline by 3.4 percent compared to 2010, the first annual decline since September 2009.
The world's top contract chipmaker TSMC posted its first annual decline in sales in 22 months. TSMC saw July sales decline on a monthly basis for the fourth consecutive month, signalling a difficult start to the third quarter. TSMC said on Wednesday that sales in July fell 3.4 percent from a year earlier, the first annual decline since September 2009.

The industry appears to being hit by economic uncertainties and customer inventory adjustment. It is also seeing the cost of Labour in China increasing. The outfit said has trimmed its full-year capital spending outlook by 5 percent and reported second-quarter earnings below forecast.

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