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June 27, 2017

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TSMC sales hit 2nd-highest level on record

TAIPEI -- Taiwan Semiconductor Manufacturing Co. (TSMC, 台積電), the largest contract chip maker in the world, has announced that sales in October were the second-highest in the company's history.

Although the fourth quarter is traditionally a slow season for the global integrated circuit industry, market analysts said that smartphone demand, in particular for high-end models, has continued to rise, pushing up chip sales.

TSMC posted NT$91.09 billion (US$2.88 billion) in consolidated sales for October, up 1.5 percent from a month earlier and 11.4 percent year-on-year. The October figure trailed only the NT$94.31 billion achieved in August 2016.

October sales data confirmed TSMC's previous forecast that inventory adjustments in the current quarter would have only a minimal impact, indicating that the chip maker was not expecting the slow season to have a major impact on its performance.

At an investor conference held in mid-October, TSMC forecast that consolidated sales for the October-December period would range between NT$255-258 billion, down only 0.9-2 percent from the third quarter.

Based on fourth quarter guidance, TSMC could report between NT$82-83.5 billion in average monthly consolidated sales for October and November.

In the first 10 months of this year, TSMC posted NT$776.80 billion in consolidated sales, up 7.6 percent from a year earlier.

TSMC has said that its sales for 2016 could rise 11-12 percent from a year earlier in Taiwan dollar terms on the back of solid demand for smartphone chips.

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