The world largest foundry said net sales in December grew to $561.9 million, an increase of 2.5 percent over November. TSMC's Q4 sales grew 5.3 percent sequentially to a record high of $1.7 billion. Year-over-year, TSMC's Q4 sales grew by 40.4 percent.

"In line with our statements in mid-December 2003, TSMC's fourth quarter 2003 sales result, which hit a quarterly record high, was better than the guidance we advised in our third quarter 2003 investor conference," said Lora Ho, vice president and chief financial officer, in a statement.

For the year ended December 2003, sales increased 25.4 year-over-year to a record high of $5.982 billion.

By: DocMemory
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