TSMC sees net income increase 31.6 percent year-over-year

Posted on Thursday, Jan 17 2013 @ 16:08 CET by Thomas De Maesschalck
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EE Times reports TSMC pulled in a revenue of NT$131.31 billion (about $4.53 billion) and net income of NT$41.57 billion (about $1.44 billion) in the final quarter of 2012. Revenue was up 25.4 percent year-over-year and net income increased by 31.6 percent.
In 4Q12 shipments of 28-nm, 40-nm and 65-nm wafers were 22, 22 and 19 percent of total wafer revenues respectively, TSMC said. These three most advanced technologies accounted for 63 percent of total wafer revenues.

"In the fourth quarter, demand for our products was higher than we expected three months ago, resulting in above-guidance revenue and profit margins," said Lora Ho, chief financial officer of TSMC, in a statement. Ho said TSMC now expected revenue to only decline slightly in 1Q13 compared with 4Q12.

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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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