Taiwan Semiconductor Manufacturing Co (TSMC, ̨·eëŠ) yesterday said revenue for last month grew 22.7 percent to NT$73.09 billion (US$2.25 billion) from February, the highest in the past five months.

For the first quarter, cumulative revenue shrank 8.3 percent to NT$203.5 billion from NT$222.03 billion in the same period of last year.

However, the quarterly figure exceeded TSMC¡¯s revenue guidance of between NT$201 billion and NT$203 billion.

TSMC in February projected gross margin of between 44 percent and 46 percent for the first quarter.

Separately, TSMC customer MediaTek Inc (“°l¿Æ) posted 61.13 percent jump in revenue for last month to NT$21.34 billion, compared with NT$13.24 billion in February.

In the January-March period, MediaTek made NT$55.91 billion in revenue, down 9.4 percent year-on-year from NT$61.71 billion.

MediaTek blamed the lower quarterly revenue on fewer working days in February and escalating price competition with rivals including Qualcomm Inc and China¡¯s Spreadtrum Communications Inc (չӍ).

Last quarter¡¯s revenue matched MediaTek¡¯s forecast of between NT$52.5 billion and NT$57.4 billion, but slightly better than NT$55.5 billion estimated by Credit Suisse Group AG.

MediaTek supplies handset chips to numerous smartphone brands including Xiaomi Corp (СÃ×).

Separately, Vanguard International Semiconductor Corp (ÊÀ½çÏÈßM), which makes controller chips for LCD panels, yesterday reported better-than-expected first-quarter revenue of NT$6.22 billion, compared with NT$6.15 billion estimated by the firm in January.

Vanguard spokesman Tseng Dong-liang (Ôø—˜Å) last week said that continuing restocking demand from customers would provide some support to its revenue in the second quarter.

Vanguard is a 28 percent-owned subsidiary of TSMC, which accounts for between 20 and 30 percent of its revenue.
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By: DocMemory
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