Tue, Aug 11, 2009 - Page 12 News List

Chi Mei posts strongest revenues in nine months

RECOVERING DEMAND Taiwan Semiconductor Manufacturing Co also reported net sales of NT$31.17 billion, representing month-on-month growth of 17.6 percent

By Lisa Wang  /  STAFF REPORTER, WITH CNA

Chi Mei Optoelectronics Co (奇美電子), the nation’s second-­biggest liquid-crystal-display (LCD) panel maker, yesterday posted its strongest monthly revenues in nine months as recovering demand boosted panel prices.

Revenues increased 24 percent to NT$28.7 billion (US$874 million) last month, compared with NT$23.2 billion in the same period last year, making it the highest level since the economic slump hit electronics consumption last September.

It also represented about 7.4 percent monthly growth from NT$26.7 billion. Shipments of PC and TV panels dropped slightly to 7.1 million units from 7.2 million units in June.

On July 30, the Tainan-based company said prices for PC and TV panels would rebound by between 10 percent and 15 percent in the current quarter, compared with last quarter’s average price of US$106.

Shipments of PC and TV panels are expected to grow by 15 percent to 20 percent this quarter, from a record high of 19 million units in the second quarter, boosting equipment loading rates to as high as 95 percent.

Shares of Chi Mei dropped 1.69 percent to NT$17.4 yesterday, while rival AU Optronics Corp (友達光電) shares fell 2.87 percent to NT$33.9.

Meanwhile, Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) reported consolidated net sales of approximately NT$31.17 billion for last month, representing month-on-month growth of 17.6 percent, the company said in a statement released yesterday.

The figure represented an 11-month high, thanks to increasing demand for personal computers, mobile phones and other consumer electronics products.

The world’s biggest contract chipmaker garnered NT$144.89 billion in revenues on a consolidated basis in the first seven months of the year, a figure that represented, however, a drop of 30.2 percent compared with the same period of last year, the statement said.

TSMC anticipated that its sales would see a decline this month and next month based on an earlier assessment that put its net sales in the third quarter at between NT$88 billion and NT$90 billion.

The company projected that its products would generate a gross margin of between 46.5 percent and 48.5 percent in the third quarter, marking growth of between 0.3 percent points and 2.3 percentage points, compared with those in the second quarter.

Its operating margin is expected to stand at between 35 percent and 37 percent in the third quarter, also marking an increase from the 33.9 percent in the previous quarter, the company said.

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