December sales at Taiwan Semiconductor Manufacturing Company (TSMC) declined by 16% sequentially, the lowest level in nine months.

TSMC has announced consolidated revenues of NT$37.11 billion (US$1.28 billion) for December 2012, down 16.1% on month but up 18.8% on year. Consolidated sales for the fourth quarter of the year totaled NT$131.31 billion, down about 7% sequentially but coming slightly above the company's guidance of NT$129-131 billion.

TSMC chairman and CEO Morris Chang previously predicted that the company would report revenue dips sequentially for the fourth quarter of 2012 and first-quarter 2013. However, sales would rebound to growth following two quarters of decreases, Chang said.

TSMC's consolidated revenues climbed to an all-time high of NT$506.25 billion in 2012, up 18.5% on year.

Chang forecast in late-2012 that TSMC would enjoy another sales growth of 15-20% in 2013.

TSMC's upcoming quarterly investors meeting will be held on January 17.

By: DocMemory
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