TSMC sees Q3 pick-up
TAIPEI: Taiwan Semiconductor Manufacturing Co (TSMC), the world’s largest contract chipmaker and an Apple Inc supplier, said it expected a third-quarter pick-up as customers stock up on chips for new launches in time for the year-end holiday season.
Revenue for July-September was expected to reach between T$254 billion (RM31.4 billion) and T$257 billion, up from the second quarter’s T$221.81 billion, said TSMC after announcing results for April-June yesterday.
Supplying chips for smartphone makers is TSMC’s main business driver.
TSMC’s co-chief executive officer Mark Liu said higher demand was expected to kick in for the second half, with the fourth quarter set to see its usual pick-up in demand.
Still, TSMC stuck to its forecast for revenue and operating profit to grow between five and 10 per cent this year.
Capital expenditure for the year was revised upwards to a range between US$9.5 billion and US$10.5 billion (RM37.62 billion and RM41.58 billion), up from its earlier estimate for between US$9 billion and US$10 billion.
The slight increase was to do with stronger demand for its advanced
is expected to reach up to T$257 billion. Reuters pic
technology wafer-making for next year, said company executives, speaking at an investor conference yesterday.
TSMC said earlier net income in the April-June period totalled T$72.51 billion, down 8.7 per cent from the same quarter a year earlier, but up nearly 12 per cent from the first quarter.
That beat analysts’ average estimate of T$67.98 billion, according to Thomson Reuters Eikon.
Business in the second quarter, which came in a bit above the company’s own guidance given in April, was bolstered by shipments that had been delayed after a February earthquake in Taiwan. Reuters