Taiwan Semiconductor Manufacturing Company (TSMC) saw net profits hit an all-time high at NT$40.28 billion (US$1.27) in the second quarter of 2010, according to financial data released by the foundry chipmaker. Consolidated revenues for the quarter were NT$104.96 billion, well above the company's guidance.

TSMC's second-quarter revenues and profits showed growth of 41.4% and 64.8%, respectively, compared to levels in the same quarter of 2009. On a sequential basis, revenues grew 13.9% from the first quarter while profits were up 19.7%.

Gross margin improved to 49.5% for the second quarter from 47.9% in the previous quarter, thanks to higher capacity utilization and cost improvement. Operating margin for the quarter reached 38.6%, up 1.6pp from the first quarter.

"In the second quarter, demand for wafers continued to be strong," TSMC said. "Wafer shipments in all major semiconductor market segments increased from their first quarter levels."

TSMC saw sales generated from consumer and communications applications grow 26% and 22%, respectively, on quarter. However, the PC segment grew only 1%.

Revenues from advanced process technologies, including 0.13-micron and below processes, accounted for 72% of TSMC's wafer sales in the second quarter. The 40/45nm processes accounted for 16% of sales in the quarter, up from 14% in the first quarter and only 1% in second-quarter 2009.

By: DocMemory
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