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TSMC to purchase $1 billion in equipments


Wednesday, December 1, 2010

Taiwan Semiconductor Manufacturing Company (TSMC) has issued filings with the Taiwan Stock Exchange (TSE) detailing 41 equipment purchases so far in the fourth quarter of 2010, with a total transaction value of around NT$34.895 billion (US$1.15 billion). The foundry's equipment purchases totaled about NT$58.05 billion in the third quarter.

TSMC has estimated its 2010 capex at US$5.9 billion, compared to the US$2.67 billion allocated in 2009. Capex for 2011 would also be higher than the 2010 level, company CEO and chairman Morris Chang was quoted saying in previous reports.

TSMC expects consolidated sales to grow 40% in 2010, and is aiming for another 10% growth in 2011. For the first 10 months of 2010, the company's consolidated revenues rose 48.7% from a year earlier to NT$347.82 billion.

By: DocMemory
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