Wed, May 11, 2011 - Page 11 News List

TSMC revenues fell 0.5% last month on fewer work hours

By Lisa Wang  /  Staff Reporter

Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), the world’s biggest contract chipmaker, yesterday said its revenues edged lower by 0.5 percent last month from March amid fewer working hours.

Revenues slid to NT$37.13 billion (US$1.29 billion) last month, from NT$37.32 billion in March. Compared with a year ago, last month’s revenues grew 9.8 percent from NT$33.81 billion.

TSMC said on April 29 that revenues would expand by between NT$109 billion and NT$111 billion, or 3 percent and 5 percent, from NT$105.38 billion in the first quarter, which would be lower than the average quarterly growth of 7 percent to 8 percent during previous years as its customers were affected by the March 11 earthquake and tsunami in Japan.

TSMC expected the disaster to impact demand for its chips only for one quarter.

For the full year, TSMC still hopes to grow its revenues by 20 percent in US dollar.

In a separate statement, TSMC said its board yesterday approved capital expenditures of NT$46.86 billion to expand its advanced technology capacities and upgrade certain 12-inch wafer fabs to specialty technologies.

TSMC budgeted US$7.8 billion for capital spending.

Meanwhile, Hon Hai Precision Industry Co (鴻海精密), which makes Apple Inc’s iPhones and iPads, yesterday reported 4.65 percent lower revenues last month at NT$204.94 billion, from NT$214.9 billion in the prior month.

On an annual basis, last month’s revenues grew 33.2 percent from NT$153.86 billion in the same period of last year.

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