Foundry chipmaker Taiwan Semiconductor Manufacturing Co. Ltd. has said that demand for its wafers will "moderate" in the third quarter after it reported record sales and profits for 2Q13. Third-quarter sales are set to be up between 3.3 and 5.2 percent from Q2, TSMC announced along with its financial result for 2Q13.
TSMC made a record-breaking net income of NT$51.81 billion (about US$1.73 billion) on record consolidated revenue of NT$155.89 billion (about $5.2 billion) in the second quarter of 2013.
Year-over-year the quarterly revenue was up 21.6 percent while it was up 17.4 percent compared with 1Q13. This is an exceptionally large increase for Q2 sequential growth at TSMC but was expected, being just above the mid-point of previous forecast. In US dollar terms the Q2 revenue increased 15.9 percent from the previous quarter and increased 20.7 percent year-over-year.
TSMC's 28nm CMOS manufacturing now represents 29 percent of total wafer revenues while the 40/45nm node accounted for 21 percent of total wafer revenues.
"While we continue to expect the demand for our advanced technologies to grow strongly, we expect the IC supply chain to begin managing inventories in the second half of this year, which will moderate somewhat the overall demand for our wafers," said Lora Ho, chief financial officer of TSMC, in the press release.
TSMC said the 3Q13 revenue is expected to be between NT$161 billion ($5.38 billion) and NT$164 billion ($5.48 billion). Although this would represent modest Q3 sequential growth it would be yet another record.