Taiwan Semiconductor Manufacturing Company (TSMC) turned in NT$110.14 billion (US$3.77 billion) in fourth-quarter consolidated sales, higher than its target of NT$107-109 billion.

TSMC has announced consolidated revenues for December 2010 slid 5.4% sequentially to NT$34.87 billion. But the figure showed a 10.5% increase from a year earlier.

TSMC's consolidated sales amounted to NT$419.54 billion in 2010, rising 41.9% on year. The full-year figure actually reset the record of NT$333.16 billion reached in 2008.

TSMC will hold the company's quarterly investors meeting on January 27 to unveil other financial results for the fourth quarter. Guidance for the first quarter of 2011 will also be discussed.

TSMC chairman Morris Chang was quoted as saying in previous reports the foundry is expected to manage an up to 5% sales drop sequentially in the first quarter of 2011 with a possibility of flat growth.

By: DocMemory
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