LONDON The resumption of global demand and a strengthening economy allowed leading foundry Taiwan Semiconductor Manufacturing Co. Ltd. (Hsinchu, Taiwan) to post a net income of NT$32.67 billion (about $1.02 billion) on consolidated revenue of NT$92.09 billion (about $2.88 billion) in the fourth quarter ended December 31, 2009.
According to reports this was the biggest quarterly profit for two years and TSMC said it expects first quarter revenue to be between NT$89 billion and NT$91 billion, ahead of the usual seasonal decline. The company said 2010 capital expenditure to be around $4.8 billion, due to strong demand outlook for our advanced technologies.
TSMC has not issued a statement on the full year results but year-over-year, the fourth quarter revenue increased 42.6 percent. Compared to third quarter of 2009, fourth quarter results represent a 2.4% increase in revenue. Gross margin for the quarter was 48.5 percent, operating margin was 36.5 percent, and net margin was 35.5 percent.
Advanced process technologies (0.13-micron and below) accounted for 70 percent of wafer revenues. 90-nanometer process technology accounted for 16 percent of wafer revenues, 65-nanometer 30 percent, and 40-nanometer exceeded 9 percent of total wafer sales.
"Although first quarter normally is a sequentially declining quarter for all three major semiconductor applications, we expect the demand from consumer-related applications to grow in first quarter of 2010, while computer and communication related applications will decline following their seasonal pattern," said Lora Ho, chief financial officer of TSMC, in a statement.
Related links and articles:
TSMC backs down from 'record year' prediction
TSMC to recruit 3,000 engineers, says report
Qualcomm, TSMC to collaborate on 28-nm process technology