Industryweek 2570 Tsmc02550550

TSMC Posts Double Digit Net Profit Growth in Second-Quarter

July 19, 2012
Booming mobile industry drives a 24.9% increase over the previous quarter.

Taiwan Semiconductor Manufacturing Co. (IW 1000/273), the world's top contract microchip maker, said Thursday net profits in the second quarter rose 16.3% from a year ago to $1.4 billion.

Net profit rose 24.9% from the previous quarter.

The company attributed the double-digit growth to strong demand for mobile computing related applications, with revenue for chips for communication equipment rising 27% from the previous quarter.

Revenue in the April-June period came in at Tw$128.1 billion, a rise of 15.9% year-on-year and an increase of 21.4% from the previous quarter.

North America remained the leading overseas market, representing 68% of sales, although that is down from 70% the previous year.

The company expected growth in the third quarter to come mainly from demand for high-end products.

Copyright Agence France-Presse, 2012

Popular Sponsored Recommendations

3D Printing a More Efficient Factory Floor

Nov. 16, 2023
Today’s additive manufacturing platforms make it simple to print a wide range of high-performing industrial parts as soon as possible and right where you need them — unlocking...

Seizing the digital opportunity – An industrial software action plan

Aug. 9, 2023
Industrial enterprises are under pressure to adopt a digital-driven approach for their operations and for interacting with markets, customers, and the world around us. As modern...

The Ultimate Ecommerce Excellence Checklist

Oct. 2, 2023
Scaling ecommerce operations is no easy task when your business is moving fast. Assess your current ecommerce maturity level and set optimization priorities with this practical...

Legacy Phone Lines Are Draining Your Profits

Oct. 30, 2023
Copper wire phone line expenses that support emergency devices could be costing your company millions of dollars in wasteful overhead expenses. Rates have been skyrocketing while...

Voice your opinion!

To join the conversation, and become an exclusive member of IndustryWeek, create an account today!