Sat, Apr 09, 2011 - Page 12 News List

Contract chipmaker TSMC hits low end of forecast for Q1

By Lisa Wang  /  Staff Reporter

Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), the world’s top contract chipmaker, yesterday said it posted NT$105.38 billion (US$3.63 billion) in revenues for the first quarter, reaching the low-end of the company’s forecast.

In January, TSMC said revenues in the first quarter would be between NT$105 billion and NT$107 billion, as seasonal demand for some products would be greater than normal.

First-quarter revenues fell 4.32 percent from NT$110.14 in the fourth quarter of last year. On an annual basis this represented an approximately 14 percent expansion from NT$92.19 billion.

Earlier this week, TSMC chairman Morris Chang (張忠謀) cut his growth forecast for the semiconductor industry overall, excluding the memory chip sector, to 4 percent annual growth this year, rather than the 7 percent expansion he estimated three months ago.

United Microelectronics Co (UMC, 聯電) yesterday said first-quarter revenues grew 5.25 percent to NT$28.12 billion from NT$26.72 billion a year ago. On a quarterly basis, that was a decline of about 10 percent from NT$31.32 billion.

UMC said in January that end demand for consumer electronics in the first quarter would be weaker than the computer and communications sectors.

MediaTek Inc (聯發科), the nation’s biggest handset chip designer, accumulated NT$19.92 billion in revenues during the first quarter after posting a 72 percent growth in last month’s revenues, which was in line with the company’s forecast.

This meant about a 12.17 percent contraction from NT$22.68 billion in the fourth quarter, slightly exceeding the company’s forecast range of a quarterly decline of 7 percent to 12 percent.

Chip designer MStar Semiconductor Inc (Cayman) (開曼晨星半導體), which designs chips used in LCD TVs, said revenues were little changed from the fourth quarter at NT$8.24 billion. However, in terms of US dollars, its first-quarter revenues rose 4.3 percent quarter-on-quarter to US$2.8 million from US$2.68 million in the fourth quarter of last year, MStar said, reflecting the effects of the strengthening New Taiwan dollar.

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