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September 20, 2017

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TSMC ranked No. 1 in first-quarter research and development expenditure

TAIPEI, Taiwan -- The Ministry of Economic Affairs (MOEA) yesterday stated that TSMC took the leading position in first-quarter research and development (R&D) expenditure among all domestic manufacturing sector companies listed on the TWSE (台積電) and the GreTai Securities Market.

The MOEA stated that R&D expenditure for the manufacturing sector in the first quarter grew by 8.3 percent year-on-year. Among all listed companies, TSMC took the lead position with its NT$12.1 billion expenditure, followed by Hon Hai Precision Co.'s (鴻海) NT$9.8 billion, and MediaTek's (聯發科) NT$8.9 billion. Most notably, TSMC's first-quarter R&D expenditure saw a 13.3-percent year-by-year increase, while spending for Hon Hai and MediaTek expanded by 2.4 percent and about 62 percent quarter-by-quarter, respectively.

In addition, the MOEA yesterday announced that first-quarter revenues for listed companies in the manufacturing sector reached a total of NT$5.307 trillion, growing 3.6 percent year-on-year. Propelled by strong global demand for mobile devices, revenues derived from electronic components, semiconductor fabrication and integrated circuit packaging saw the strongest year-on-year growth momentum at 3.8 percent, followed by PCs and consumer electronics at 2.9 percent.

In addition, the MOEA stated that after-tax income for listed companies of the technology sector grew 15.3 percent year-on-year to reach NT$240.8 billion, while attributing the improvement to the higher profitability of semiconductor contract manufacturing and the recovery observed in the solar power and DRAM memory sectors.

In terms of capital expenditure, listed companies in the first quarter spent a total of NT$291.5 billion, a decline of NT$3.9 billion from the first quarter of last year. Across the manufacturing sector, PC, electronic and optoelectronic companies saw a decline of NT$19.3 billion or 54.5 percent in the first quarter of this year. In contrast, to cope with advancements in fabrication technology, capital expenditure in the first quarter grew by NT$27.3 billion year-on-year.

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