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TSMC posts second-highest quarterly profit in Q2 (update)

TSMC posts second-highest quarterly profit in Q2 (update)

Taipei, July 16 (CNA) Taiwan Semiconductor Manufacturing Co. (TSMC, ???), the world's largest contract chip maker, reported its second-highest quarterly net profit in the second quarter thanks to a disposal of shares in chip equipment maker ASML Holding. TSMC, which manufacturers chips for Apple Inc., posted a net profit of NT$79.42 billion (US$2.56 billion) in the second quarter of 2015, including non-operating income of NT$21.06 billion. The second-quarter net income translated into earnings per share of NT$3.06, up 0.5 percent from the previous quarter and 33 percent from a year earlier. TSMC said its disposal of shares in ASML had boosted its second-quarter EPS by NT$0.6. Earlier this year, TSMC said it had started to unload its holdings in Holland-based semiconductor manufacturing equipment supplier ASML over a two-year timeframe, which would help it book about NT$21 billion in earnings for its 2015 financial report and boost its EPS by NT$0.75. In the April-June period, TSMC posted NT$205.44 billion in consolidated sales, down 7.5 percent from NT$222.03 billion in the previous quarter, which was attributed to inventory adjustments during a slow season. The second-quarter figure came within the expectations TSMC had submitted in mid-April, stating that it 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 chips on the 20-nanometer process accounted for 20 percent of TSMC's total wafer revenues, while chips made on 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 to NT$136.5 Thursday on the Taiwan Stock Exchange. (By Jeffrey Wu)


Updated : 2021-09-25 11:46 GMT+08:00