TSMC anticipates massive jump in second-quarter revenue

Taiwan Semiconductor Manufacturing Corporation, the world’s largest contract manufacturer of chips, forecast record sales surpassing analyst estimates amid continued growth in smartphone demand. Second-quarter revenue will be $6 billion the Hsinchu, Taiwan-based company said in a statement. Rising demand for wireless devices combined with an increased share of each smartphone sold globally prompted TSMC to boost its full-year industry growth target.

 Taiwan Semiconductor Manufacturing Co. 2330.TW -0.83% , the world’s largest contract chip maker, forecast sales for the current quarter exceeding most analysts’ forecasts, citing rising demand for more powerful microprocessors. Second-quarter revenue will be 180 billion New Taiwan dollars to 183 billion New Taiwan dollars (US$5.96 billion to US$6.06 billion), Chief Financial Officer Lora Ho said Thursday. That would beat the first quarter’s NT$148.22 billion by 21% to 23%, and year-earlier revenue by 27% to 36%. On average, 20 analysts polled by Thomson One Analytics had predicted NT$169.28 billion. “Demand in smartphones appears healthier than we expected in mid-January. Demand in the second quarter will be unseasonably strong across all applications…except computers,” co-Chief Executive Mark Liu said in an investor conference in Taipei Thursday.

Read full article

Comments
Latest stories Top stories Apple iPhone Tech Google App Samsung Android Amazon Facebook Microsoft TV Drones Robots Tesla iOS Twitter Dell Snapchat Instagram YouTube Web Wi-Fi
Thank you!
Close