Taiwan Semiconductor Manufacturing Co. (TSMC) announced consolidated revenue of NT$74.8 billion (US$2.4 billion) for September, rising 8% from the previous month to hit new all-time high and top market expectations, also up 35.1% year on year.
In Q3, the company generated consolidated revenue of NT$209.05 billion (US$6.968 billion), slightly higher than the NT$206.00-209.00 billion (US$6.866-6.966 billion) target to surge 14.2% from a quarter earlier.
Industry executives ascribe the higher-than-expected Q3 mostly to the company's brisk shipments of the 20-nanometer A8 microprocessors contracted by Apple Inc.
The Q3 result helped swell the company's consolidated revenue for the first nine months this year to NT$540.28 billion (US$18 billion), increasing 19.7% year on year, with industry executives estimating its 2014 revenue at approximately NT$750 billion (US$25 billion).
Industry executives estimate TSMC's Q3 earnings to exceed NT$2.8 per share and its gross margin ratio to top the company's anticipated 48.5-50.5% range, basing bright forecast partly on the recent depreciation of the New Taiwan Dollar against U.S. greenback that had made Taiwan's exports less expensive.
Industry executives say the company's revenue for Q4 to rise 4-6% quarter on quarter based on the anticipation that Apple's shipments of its iPhone 6 will peak seasonally.
Such bright forecast roughly echoes TSMC Chairman Morris Chang's earlier comment that its revenue will grow quarterly this year.
According to wire services, to cope with Apple's rising contracts for A8 processors for iPhone 6 and iPhone 6 Plus, which are selling briskly worldwide, TSMC has decided to enlarge capacity-expansion plans and use backup capacity earlier than planned in Q4 to maintain growth momentum. (KL)
TSMC's September ‘14 Consolidated Revenue
(Unit: NT$ million)
|| September 2014
| MoM change (%)
|| September 2013
|| YoY change
| Jan.-Sept. 2014
|| Jan.-Sept. 2013
|| YoY change (%)
| Net Revenues
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