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TSMC sales increase 4.4%
By Lisa Wang STAFF REPORTER
Wednesday, Nov 11, 2009, Page 11
Taiwan Semiconductor Manufacturing Co (TSMC, ¥x¿n¹q) yesterday reported sales of NT$30.22 billion (US$934 million) last month, representing a rise of 4.4 percent month-on-month.
On an annual basis, that represented an increase of 2.5 percent, a company statement said.
Last month¡¦s sales came after two straight monthly declines and backed TSMC¡¦s revised outlook.
TSMC¡¦s figures came after local rival United Microelectronics Corp (UMC, Áp¹q) said on Monday that its sales leapt 17.58 percent to NT$9.3 billion last month from NT$7.91 billion a year ago. The figure was still a fall of 2.49 percent month-on-month.
Two weeks ago, TSMC chairman Morris Chang (±i©¾¿Ñ) raised his forecast for global semiconductor revenues, predicting annual growth in the mid-single digit range this quarter, up from a low-single digit projection in July. The revision was primarily the result of stronger demand for PCs.
TSMC expected fourth-quarter revenues to reach between NT$90 billion and NT$92 billion from last quarter¡¦s NT$89.94 billion on the back of higher demand for consumer electronics.
In the first 10 months, TSMC generated NT$233.87 billion in sales, down 21.5 percent from NT$298.09 billion for the same period last year as a result of the global economic slump.
The Hsinchu-based company¡¦s board yesterday approved capital appropriations of US$2.24 billion to expand advanced technology capacity at its 12-inch wafer fabs and expand its advanced chip testing and packaging services, TSMC said in a statement.
It also agreed to invest US$2.55 billion in expanding 12-inch wafer fab facilities and approved the appointment of Jack Sun (®]¤¸¦¨) as chief technology officer.
Shares of TSMC rose 0.83 percent to NT$60.5, while UMC stocks lost 0.64 percent to close at NT$15.6 yesterday.
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