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TSMC reports record sales in May

2012/06/08 17:36:43

Taipei, June 8 (CNA) Taiwan Semiconductor Manufacturing Co. (TSMC), the world's largest contract chip maker, announced Friday record-high monthly sales for May, thanks to strong demand for 28-nanometer products.

The Hsinchu-based company reported consolidated net sales of NT$44.14 billion (US$1.47 billion) for the month, an increase of 9 percent from April and a rise of 20.2 percent from the same month of last year.

For the first five months of this year, its consolidated revenue totaled NT$190.14 billion, up 6.1 percent from a year earlier.

TSMC told investors April 26 that it was upbeat about the market outlook for the second quarter, expecting sales during the period to range between NT$126 billion and NT$128 billion, rising to between 19 percent and 21 percent from the previous quarter.

In addition, the company has decided to raise its capital expenditure for 2012 by more than 33 percent to between US$8 billion and US$8.5 billion to meet rising demand from its customers, in particular for chips on the advanced 28 nm technology process.

Separately, TSMC’s smaller rival, United Microelectronics Corp. (UMC), reported NT$9.21 billion in sales for May, its highest during the past year.

From January to May, UMC saw its consolidated sales reach NT$42.10 billion, up 0.9 percent from April this year and down 10.6 percent from last May.

The world's second-largest contract chip maker forecast in April that its wafer shipments would increase 15 percent in the April-June period from the first quarter as communications and consumer integrated circuit demand grows.

(By Jeffrey Wu)