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TSMC posts earnings growth in Q2

TSMC posts earnings growth in Q2

Taipei, July 16 (CNA) Taiwan Semiconductor Manufacturing Co. (TSMC, ???), the world's largest contract chip maker, reported second-quarter earnings per share of NT$3.06 (US$0.098), up 0.5 percent from the previous quarter and up 33 percent from a year earlier. In the April-June period, TSMC posted NT$205.44 billion in consolidated sales, down 7.5 percent from NT$222.03 billion recorded in the previous quarter, which is attributed to inventory adjustments during a slow season. The second-quarter figure came within the expectations TSMC had submitted in mid-April stating that the chip would generate NT$204 billion to NT$207 billion in revenue for the three-month period. The gross margin for the second quarter was 48.5 percent, while the operating margin was 37.5 percent and the net profit margin was 38.7 percent. Shipments of 20-nanometer process technology accounted for 20 percent of TSMC's total wafer revenues, while chips made with the 28-nanometer process accounted for 27 percent of the total, the Hsinchu-based chip maker said in a statement. Shares of TSMC edged down 1.44 percent at NT$136.5 Thursday on the Taiwan Stock Exchange. (By Jeffrey Wu)


Updated : 2021-09-24 02:15 GMT+08:00