TSMC's Aug. revenues notch new billion-dollar benchmark
By John Liu, The China PostTAIPEI, Taiwan -- The consolidated revenues of Taiwan Semiconductor Manufacturing Company (TSMC), the world's largest dedicated independent semiconductor foundry, reached a single-month record of NT$55.091 billion in August.
September 11, 2013, 12:11 am TWN
While TSMC's revenues dipped in July, strong demand for consumer electronic products in August helped TSMC boost sales in August. The NT$55.091 billion in revenues was a 5.7-percent growth compared to July.
TSMC forecast the consolidated revenues in the third quarter to fall between NT$161 billion and NT$164 billion. The company's consolidated revenues in July and August totaled NT$107.194. Therefore, TSMC just needs to make merely NT$53.806 billion in September to reach the goal, which analysts believe the company will achieve easily. The company's third-quarter revenues are expected to grow between 3.28 and 5.2 percent from the second quarter.
With excessive inventory in the market, analysts forecast TSMC's fourth-quarter revenues to drop from the record high level of the third quarter.
TSMC's consolidated revenues between January and August totaled NT$395.84 billion, which was a 19.3-percent increase year-on-year.
As an Apple Inc. concept stock, TSMC's stock soared yesterday on the prospect of a new iPhone launch this week.
Semiconductor Manufacturers Making High Capital Investment
In order to obtain advanced manufacturing technology, TSMC has continued to make R&D investments. Institutional investor UBS said recently that semiconductor manufacturers would make high capital investment in the coming years in an effort to make more nanotechnology breakthroughs. UBS forecast that TSMC would make a record high capital investment of US$12 billion next year, which is a 20-percent increase from this year.
The amount would also exceed capital investments made by Intel and Samsung. UBS forecast that they will make US$11 billion and US$10.16 billion investment next year respectively.
Apart from making investments in next generation 16-nanometer and 14-nanometer manufacturing processes, UBS indicated that Intel, Samsung and TSMC will continue to make substantial investments in 10-nanometer or less manufacturing processes.
UMC's Revenues Dip in August
United Microelectronics Corporation (UMC, 聯電), Taiwan's first semiconductor company, recorded a consolidated revenue of NT$10.998 billion in August, which was a 4.84-percent decline from July.
UMC's customers in the smartphone industry recently made order adjustments, resulting in UMC's lower revenues, analysts said.
Although the revenues dropped compared to July, it grew 6.22 percent year-on-year. The company's consolidated revenues between January and August totaled NT$82.242 billion, which was a 6.31-percent increase from the same period last year.
UMC forecast its wafer production outputs to grow 3-4 percent in the third quarter compared with the second. Since average prices are expected to remain stable, UMC's revenues from the foundry business are likely to grow 3-4 percent as well.
UMC's consolidated revenues in July and August totaled NT$22.556 billion. The company is expected to easily reach its third-quarter goal in terms of revenues, analysts predicted.