TSMC reported a net income of NT$30.55 billion ($938.2 million) on sales of NT$89.9 billion ($2.76 billion) for the third quarter, ended Sept. 30.

Sales were up 21 percent compared to the second quarter, but down 3 percent compared to the third quarter of 2008, TSMC (Hsinchu, Taiwan) said. Net income was up 25 percent sequentially and flat year-to-year, TSMC said.

Gross margin for the third quarter was 48 percent, operating margin was 36 percent and net margin was 34 percent, TSMC said.

Sixty-seven percent of third quarter revenue was derived from advanced process technologies (0.13 micron and below), TSMC said. Eighteen percent of revenue came from 90-nm process technology, while 31 percent came from 65-nm and 4 percent from 40-nm technology, the company said.

For the fourth quarter, TSMC said it expects revenue to be flat to up slightly, reaching between NT$90 billion and NT$92 billion ($2.77 billion to $2.8 billion). The company said it expects its fourth-quarter gross profit margin to be between 47 and 48.5 percent, with operating profit margin between 35.5 and 37 percent.

By: DocMemory
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