Alexa
  • Directory of Taiwan

TSMC Q3 sales hit new high

TSMC Q3 sales hit new high

Taipei, Oct. 9 (CNA) Taiwan Semiconductor Manufacturing Co. (TSMC), the world's largest contract chip maker, on Thursday reported record high third-quarter sales, which market analysts attributed to growing demand for mobile devices. For the July-September period, TSMC posted a 14.2 percent quarterly increase in consolidated sales to NT$209.05 billion (US$6.88 billion), beating its earlier estimate of between NT$206 billion and NT$209 billion. Analysts said TSMC benefited from strong buying in newly launched smartphones, including Apple Inc.'s two new iPhone models that were released in September. With the popularity of smartphones rising in the global market, demand for TSMC's high-end technologies such chips on the 28 nanometer and 20nm processes helped drive the company's sales growth in the third quarter, analysts said. In September alone, TSMC's consolidated sales totaled NT$74.85 billion, up 8.0 percent from August and 35.1 percent year-on-year, reaching a record high for the third consecutive month. In the first nine month of the year, TSMC posted NT$540.29 billion in consolidated sales, up 19.7 percent from a year earlier. TSMC had said that chips on the 20mn process would make up 10 percent of its third quarter sales, and the ratio could rise to more than 20 percent in the fourth quarter. The chip maker has scheduled an investor conference for Oct. 16 to detail its third quarter results and give guidance for the fourth quarter. Meanwhile, United Microelectronics Corp. (UMC), a smaller chip maker, said its consolidated sales for the third quarter fell 1.82 percent from the previous quarter to NT$35.21 billion due to slower shipments in its non-core solar energy business. Last month, UMC posted NT$12.26 billion in consolidated sales, up 7.36 percent from August and 12.96 percent from a year earlier. In the first nine months of the year, UMC's consolidated sales rose 10.4 percent from a year earlier to NT$102.78 billion. (By Jackson Chang and Frances Huang)


Updated : 2021-05-08 04:27 GMT+08:00