Taiwan Semiconductor Manufacturing Company (TSMC) has announced consolidated revenues of NT$76.39 (US$2.46 billion) for July 2016, down 6.1% sequentially and 5.6% on year.

TSMC's cumulative 2016 revenues through July totaled about NT$501.7 billion, decreasing 1.3% from a year earlier.

TSMC estimated previously that revenues would climb to between NT$254 billion and NT$257 billion in the third quarter of 2016 representing sequential growth of 14.5-16%.

TSMC's target of 5-10% growth in 2016 revenues remains unchanged, the foundry said at its July investors meeting.

By: DocMemory
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