Taiwan Semiconductor Manufacturing Company (TSMC) has reported consolidated net income of US$1.05 billion for the first quarter of 2010, its best quarterly profits since the fourth quarter of 2007.

TSMC saw first-quarter gross margin reach 47.9% and operating margin 37%, both of which were within the range of the company's guidance.

TSMC said sales from 0.13-micron and below technologies accounted for 71% of TSMC's total wafer revenues in the first quarter, up 1pp sequentially and 6pp on year; 40/45nm topped 14% of the total wafer sales in the quarter, showing substantial growth from 9% in the prior quarter and 1% in the same quarter of 2009.

In terms of sales breakdown by application, TSMC saw sales generated from the communications and consumer applications rise 2% and 9%, respectively, on quarter in the first quarter. However, the computer segment dropped 3% from the prior quarter.

"As the demand for TSMC's wafers remained strong, first quarter saw an increase in wafer shipments from the previous quarter, contrary to its normal seasonal pattern," TSMC said in a statement. "Wafer sales from consumer and communication related applications grew while wafer sales from computer related applications declined slightly."

TSMC revealed its days-of-inventory (DOI) increased to 45 days in the first quarter from 42 days in the prior quarter, saying it anticipates strong demand in the second quarter.

By: DocMemory
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