TSMC reports rising revenues
Semiconductor giant expects 28nm shipments to double by third quarter, contributing more than 80% of total revenue growth
TSMC has announced revenues of NT$128.06 billion (US$4.27bn) and a net income of NT$41.81 billion (US$1.39bn) for the second quarter of this year.
Year-over-year, second quarter revenue increased 15.9% while net income rose by 16.3%.
Compared to the first quarter of 2012, second quarter of 2012 results represent a 21.4% increase in revenue, and a 24.9% increase in net income.
According to the world's biggest contract chipmaker, its 28nm process technology accounted for 7% of total wafer revenues. Meanwhile 40nm accounted for 28%, and 65nm captured 26%, of total wafer revenues.
"Due to continuing strong demand for our 28nm technology, we expect to double the shipments of 28nm in the third quarter. This increase in 28nm business will account for more than 80% of revenue growth in the third quarter," said Lora Ho, senior vice president and chief financial officer of TSMC.
Ho added that overall performance for the third quarter of 2012 should see revenues reaching between NT$136 billion and NT$138 billion, gross profit margins coming in at around 47% and operating profit margins being between 34% and 36%.
