TSMC second quarter sales revenue down 17.3% on year

Karen Huang, The China Post

Taiwan Semiconductor Manufacturing Company (TSMC) yesterday afternoon announced its financial results for the second quarter of this year, showing a 17.3 percent decline in sales revenue for the second quarter compared with the same period of last year and an even sharper decline of 33.5 percent from the previous quarter.

Sales revenue for the second quarter totaled NT$26.298 billion, with a profit of NT$312 million and an EPS (earnings per share) of NT$0.01 based on the current 16,832,553,000 weighted average outstanding shares. “Due to soft demand in the worldwide semiconductor industry, our second quarter wafer shipments decreased 33.5 percent compared to the first quarter,” said K.C. Chen, TSMC spokesperson. It also declined 17.3 percent from the NT$31.812 billion a year earlier. For the first six months, the company’s sales revenue reached NT$65.819 billion, meeting only 44 percent of TSMC’s financial forecast. The profit for this period was NT$8.732 billion, with an EPS of NT$0.51.

Chen said that facing the weakening global economy, the company will continue to invest in 300 mm, 0.13um, 0.10um and copper low-k process technology to ensure its leading position in the semiconductor manufacturing industry.