Tuesday, January 11, 2011
Taiwan Semiconductor Manufacturing Co. Ltd. showed a continued market weakness resulting in a quarterly drop in revenue.
TSMC's December sales were NT$34.87 billion (about $1.19 billion), a decrease of 5.4 percent over November 2010 and an increase of 10.5 percent over December 2009.
As a result, fourth quarter revenue at TSMC was NT$110.14 billion (about $3.77 billion). This is ahead of forecasts of between NT$107 billion and NT$109 billion given by TSMC at the time the company announced its Q3 financial results but still a 1.9 percent sequential decline. Over the previous decade TSMC's fourth quarter revenue has varied between a sequential fall of 30.6 percent and growth of 23 percent but has on average shown sequential growth of 2 to 4 percent.
In the third quarter TSMC's revenue showed a sequential increase of 6.9 percent which stands against a ten-year trend of 12 to 15 percent growth. There are therefore signs that weakness may be abating.
TSMC's consolidated revenues for January through December 2010 totaled NT$419.54 billion (about $14.35 billion, an increase of 41.9 percent over 2009, and considerably in advance of the overall semiconductor market growth which is expected to show about 31 percent growth.
By: DocMemory
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