Tue, Sep 11, 2018 - Page 12 News List

TSMC sales rise as virus infection has little effect

STAYING IN LEAD:Analysts have said the increase in last month’s sales reflected strong demand for chips made on the firm’s advanced 7-nanometer process

Staff writer, with CNA

Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), the world’s largest contract chipmaker, saw little effect from a computer virus attack early last month. It yesterday reported that sales for the month rose more than 22 percent from July.

TSMC posted NT$91.06 billion (US$2.95 billion) in consolidated sales last month, up 22.4 percent from a month earlier.

Last month’s figure was the second-highest this year, trailing NT$103.70 billion in March.

However, last month’s sales were down 0.9 percent from a year earlier.

In the first eight months of this year, TSMC’s consolidated sales totaled NT$646.78 billion, up 5.8 percent from a year earlier.

The latest revenue data eased investor worries over the effects of a virus attack that hit TSMC factories in Taiwan on Aug. 3, which prompted almost all of its production lines to grind to a halt before returning to full production on Aug. 6.

After the attack, TSMC denied it was caused by a hacker, but said it occurred when a new tool was connected to the company’s computer network without having been isolated and checked for viruses.

On Aug. 6, TSMC forecast that the incident could cause third-quarter sales to fall by less than 2 percent.

At an investor’s conference in the middle of July, TSMC guidance said its third-quarter sales would be between US$8.28 billion and US$8.38 billion with a medium figure of US$8.33 billion, up about 6 percent from a quarter earlier.

Market analysts said the increase in last month’s sales reflected strong demand for chips made on TSMC’s advanced 7-nanometer process, which started production in the first half of the year.

Analysts said the process is expected to continue to serve as a driver for TSMC’s sales growth for the rest of the third quarter.

After California-based Globalfoundries Inc last month announced it was shelving its 7-nanometer technology development, TSMC is expected to cement its lead over peers to secure more orders in the global market, analysts said.

Based on TSMC’s third-quarter sales guidance, its revenue this month could be between NT$87.1 billion and NT$90.2 billion, analysts said.

This story has been viewed 1670 times.

Comments will be moderated. Remarks containing abusive and obscene language, personal attacks of any kind or promotion will be removed and the user banned.

TOP top