TSMC announced record sales for the second quarter and said it expects to raise 2004 capital expenditure to US$2.4 billion from US$2 billion.

Sales for the quarter reached NT$64.9 billion, up 12.8% on quarter and 29.9% on year. Net profits for the quarter were NT$23.4 billion, up 24.6% on quarter and double those for the same period a year earlier.

TSMC fabs were running at 106% utilization rates in the second quarter. Wafer shipments increased 9.4% to 1.3 million, and average selling prices (ASPs) increased 3.2%.

Gross margins for the second quarter jumped to 43.4%, a significant increase from 39.5% in the previous quarter, due to higher utilization levels, improved ASP and better manufacturing costs. Net margins for the quarter rose to 36.1% from 32.7% in the previous quarter.

By: DocMemory
Copyright © 2023 CST, Inc. All Rights Reserved