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Pure-play foundry Taiwan Semiconductor Manufacturing Company (TSMC) has reported net profits of NT$79.42 billion (US$2.55 billion) for the second quarter of 2015, up 0.5% sequentially and hitting the second-highest quarterly level in the company's history. Net EPS for the quarter came to NT$3.06.
TSMC generated consolidated revenues of NT$205.44 billion in the second quarter, down 7.5% on quarter but reaching the company's target range of NT$204-207 billion. Gross margin and operating margin for the quarter arrived at 48.5% and 37.5%, respectively, also meeting the company's guidance given in April.
In the second quarter, shipments of 20nm process technology accounted for 20% of TSMC's total wafer revenues, while those of 28nm accounted for 27%, the company disclosed. Advanced technologies, which TSMC defines as 28nm and 20nm technologies, accounted for a combined 47% of the foundry's total wafer revenues.
For the first half of 2015, TSMC reported net profits of NT$158.41 billion on consolidated revenues of NT$427.47 billion representing on-year growth of 47.3% in profits and 29.1% in revenues. Net EPS for the six-month period came to NT$6.11.
Looking forward, TSMC expects its revenues to return to a sequential growth track in the third quarter. Revenues for third-quarter 2015 are forecast to be between NT$207 billion and NT$210 billion rising 0.8-2.2% on quarter.