News: Taiwan Semiconductor Profit in the I quarter fell by 94%, but this situation is improving
April 30, 2009 – 11:51 pmthe world’s largest semiconductor manufacturer Taiwan Semiconductor Manufacturing Co., TSMC, reported a decline in profit for the I quarter of 94% compared to same period last year. Nevertheless, the company raised the profit forecast for the current quarter, against a background of improvement in the chip market.
In addition, the Taiwanese company announced the signing of an agreement with Japan’s Fujitsu Microelectronics Ltd. on the production of advanced chips on 40 nm standards. for Japanese firms. The developer provides a set of advanced technology of its products by such companies as Texas Instruments Inc. and Intel Corp.
Net profit of the producer I quarter fell to 1.56 billion new Taiwan dollars (TWD) ($46,29 million), or TWD0, 06 per share, while during the same period last Production year earned TWD28, 14 billion ($835 million), or TWD1, 08 for security. Turnover fell by 55% from TWD87, 48 billion ($2596 billion) to TWD39, 5 billion ($1172 billion). Nevertheless, the profit in last quarter has surpassed expectations of analysts, forecast the rate at TWD236 million ($7 million)
Despite the strong decline in orders in the last quarter, TSMC has received in the current of “influx” from customers, especially from China. Due to this, the developer expects revenue in the II quarter of TWD71 billion to TWD74 billion
TSMC Capital expenditure in the current year amount to $1.5 billion, whereas in the past, this figure reached $1.9 billion
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