TSMC Q1 profit up 18 percent, revenue exceeds projections

Mobile chip demand helped drive TSMC's strong earnings for the quarter

Taiwan Semiconductor Manufacturing Co. (TSMC) reported that its first quarter net profit was up 18 percent year-over-year, as its revenue for the period exceeded its projections.

The contract chip maker's net profit for the quarter reached NT$39.6 billion (US$1.3 billion), up from NT$33.5 billion from the same period a year ago.

Revenue reached NT$132.8 billion, a year-over-year increase of 25.7 percent. The revenue surpassed TSMC's original projection of between NT$127 billion to NT$129 billion for the quarter.

TSMC reported the strong financial results as orders for the company's cutting-edge 28-nanometer chip manufacturing process went up in volume, accounting for 24 percent of the company's revenue during the quarter. This marks a two-percentage point increase from last year's fourth quarter.

Strong demand for mobile processors helped drive revenues beyond projections, the company said Thursday. TSMC counts chip vendors including Qualcomm and Nvidia among its clients, with Apple also rumored to be a customer. For the full year 2013, about a third of TSMC's revenues will come from smartphones and tablets, according to company estimates.

TSMC's revenues for this year's second quarter are expected to reach between NT$154 billion to NT$156 billion, a year-over-year increase from NT$128.1 billion.

Join the newsletter!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.

Tags business issuesprocessorsfinancial resultsComponentsTaiwan Semiconductor Manufacturing Co.

Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.

Michael Kan

IDG News Service
Show Comments

Essentials

Mobile

Exec

Budget

TerraCycle Zero Waste Box Pens and Markers Small

Learn more >

Back To Business Guide

Click for more ›

Brand Post

Most Popular Reviews

Latest Articles

Resources

PCW Evaluation Team

Christopher Low

Brother RJ-4230B

This small mobile printer is exactly what I need for invoicing and other jobs such as sending fellow tradesman details or step-by-step instructions that I can easily print off from my phone or the Web.

Aysha Strobbe

Microsoft Office 365/HP Spectre x360

Microsoft Office continues to make a student’s life that little bit easier by offering reliable, easy to use, time-saving functionality, while continuing to develop new features that further enhance what is already a formidable collection of applications

Michael Hargreaves

Microsoft Office 365/Dell XPS 15 2-in-1

I’d recommend a Dell XPS 15 2-in-1 and the new Windows 10 to anyone who needs to get serious work done (before you kick back on your couch with your favourite Netflix show.)

Maryellen Rose George

Brother PT-P750W

It’s useful for office tasks as well as pragmatic labelling of equipment and storage – just don’t get too excited and label everything in sight!

Cathy Giles

Brother MFC-L8900CDW

The Brother MFC-L8900CDW is an absolute stand out. I struggle to fault it.

Luke Hill

MSI GT75 TITAN

I need power and lots of it. As a Front End Web developer anything less just won’t cut it which is why the MSI GT75 is an outstanding laptop for me. It’s a sleek and futuristic looking, high quality, beast that has a touch of sci-fi flare about it.

Featured Content

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?