The China Post
Date: July 15, 2016
By: John Liu
TAIPEI, Taiwan — Taiwan Semiconductor Manufacturing Co. (TSMC, 台積電) pulled in a
From left to right, TSMC Presidents and Co-Chief Executive Officers CC Wei (魏哲家) and Mark Liu (劉德音), and Chief Financial Officer Lora Ho (何麗梅), take questions at an investor conference in Taipei on Thursday, July 14.(John Liu, The China Post)
cumulative US$6.84 billion in the second quarter, growing 11.4 percent from the previous quarter and 2.7 percent from the same period last year.
The revenue reportedly beat analyst expectations of US$6.79 billion. The number also went slightly over the company’s own April forecast, thanks to new shipments that were delayed after the February earthquake in Taiwan.
Growing sales in consumer electronics also contributed to the increase, as did sales of industry products, TSMC announced at an investor conference Thursday.
TSMC did not disappoint investors with its third-quarter forecast, which is pivotal in swaying investor confidence and TSMC’s share price.
Revenue for July-September is estimated to reach US$7.93-8.02 billion, growing around 15 percent from the previous three-month period, TSMC predicted. [FULL STORY]
