LONDON Ė Foundry chipmaker Taiwan Semiconductor Manufacturing Co. Ltd. has posted a significant sequential sales increase in October, providing more evidence of an upturn in the semiconductor market.
On a consolidated basis, net sales for October 2011 at TSMC (Hsinchu, Taiwan) were approximately NT$37.61 billion (about $1.24 billion), an increase of 12.6 percent over September 2011 and a decrease of 2.1 percent compared with October 2010. Consolidated revenues for January through October 2011 totaled NT$359.98 billion (about $11.9 billion), an increase of 3.5 percent compared to the same period in 2010.
Although TSMC's sales normally tick up in October, over the last decade the average October sequential increase for the company has been about 6 percent. Rival foundry United Microelectronics Corp., reported a similar, but smaller, uptick in its October sales. However, the size of TSMC, representing about half of the foundry supply business, makes TSMC's results a more significant bellwether of the overall semiconductor industry.
On an unconsolidated basis, TSMC's net sales were approximately NT$37.25 billion (about $1.23 billion), an increase of 13.3 percent over September 2011 and a decrease of 0.3 percent over October 2010. Unconsolidated revenues for January through October 2011 totaled NT$352.46 billion about $11.65 billion), an increase of 4.4 percent compared to the same period in 2010.
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