TSMC Q3 sales hit quarterly record US$5.5b
TAIPEI: Taiwan Semiconductor Manufacturing Co (TSMC) yesterday posted record-high quarterly sales of T$162.6 billion or US$5.54 billion (RM17.78 billion) as demand for its high-end chips grows.
Revenue in the three months to September, the peak season for the sector, were in line with the forecast range of T$161 billion to T$164 billion.
The world’s biggest contract microchip maker said it enjoyed a surge in demand for its wafer technology since the first quarter as mobile makers ratchet up their smartphone lines amid fierce competition in the multibillion-dollar sector.
In accordance with this, TSMC raised its capital expenditure estimate for 2013 to US$9.5 billion to US$10 billion, from the previous forecast of US$9 billion. AFP