Revenues at the world¡¦s largest chip foundry were up 39 percent to $2.41 billion compared with the corresponding period of 2005.

The company said its net operating profit for the first quarter was $966.8 million, a rise of 92 percent compared to what was achieved in the first quarter last year.

"The first quarter was better because of better-than-expected extra demand for personal computers," said Lora Ho, the company's vice president and chief financial officer.

''Due primarily to seasonality and a weaker US dollar, our first quarter business had declined as we expected, although revenue surpassed our guidance,'' said Ho. ''Going forward, we expect the demand to increase for most of the application segments and the currency exchange rate impact to be less pronounced,'' Ho added.

Guidance for the second quarter was for sales to be between NT$79 billion ($2.46 billion) and NT$81 billion ($2.53 billion), while gross profit margin to be between 47 percent and 49 percent.

By: DocMemory
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