Fri, Jul 19, 2013 - Page 13 News List

TSMC beats forecasts with record Q2

PAYING OFF:The company’s chief financial officer said the record-high profits of NT$51.81bn showed its investment in R&D and advanced capacities was a wise one

By Lisa Wang  /  Staff reporter

Daiwa forecast orders from Apple would account for 6 percent of TSMC’s total revenue next year and 10 percent in 2015.

TSMC said it plans to spend the same amount of money on new equipment next year as the record amount of between US$9.5 billion and US$10 billion that it spent this year.

"We still view TSMC standing out against our Taiwan[ese semiconductor] universe due to good pricing, competitive positioning and share gains," Abrams said.

Credit Suisse retained its “outperform” rating on TSMC with a target price of NT$116, while Daiwa maintained a “hold” rating to the stock, which tumbled 3.21 percent to NT$105.5 yesterday.

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