Monday, November 15, 2010
Foundry chipmaker Taiwan Semiconductor Manufacturing Co. Ltd. showed 2.1 percent sequential sales growth in October but came up short against its long-term average sequential growth for the month.
TSMC announced consolidated net sales of NT$38.43 billion (about $1.27 billion), an increase of 2.1 percent over September 2010 and 27.2 percent up on October 2009. However, the growth fell short of the average of the October-over-September growth TSMC achieved in the previous ten years which is 6.4 percent sequential growth, With the best and worst years taken out TSMC's October-over-September growth has averaged 5.6 percent over the last decade.
Signs are therefore accumulating that the fourth quarter could be slightly worse than the typical flat-to-slightly-down result seen in most years. Nonetheless the year-to-date has been so strong that relatively modest sales in the last two months of the year can do little to diminish the year-on-year growth.
TSMC's revenues for January through October 2010 totaled NT$347.82 billion (about $11.51 billion), an increase of 48.7 percent compared to the same period in 2009.
By: DocMemory
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