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!

Error: Please check your email address.
Rocket to Success - Your 10 Tips for Smarter ERP System Selection

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

Cool Tech

SanDisk MicroSDXC™ for Nintendo® Switch™

Learn more >

Breitling Superocean Heritage Chronographe 44

Learn more >

Toys for Boys

Family Friendly

Panasonic 4K UHD Blu-Ray Player and Full HD Recorder with Netflix - UBT1GL-K

Learn more >

Stocking Stuffer

Razer DeathAdder Expert Ergonomic Gaming Mouse

Learn more >

Christmas Gift Guide

Click for more ›

Most Popular Reviews

Latest Articles

Resources

PCW Evaluation Team

Edwina Hargreaves

WD My Cloud Home

I would recommend this device for families and small businesses who want one safe place to store all their important digital content and a way to easily share it with friends, family, business partners, or customers.

Walid Mikhael

Brother QL-820NWB Professional Label Printer

It’s easy to set up, it’s compact and quiet when printing and to top if off, the print quality is excellent. This is hands down the best printer I’ve used for printing labels.

Ben Ramsden

Sharp PN-40TC1 Huddle Board

Brainstorming, innovation, problem solving, and negotiation have all become much more productive and valuable if people can easily collaborate in real time with minimal friction.

Sarah Ieroianni

Brother QL-820NWB Professional Label Printer

The print quality also does not disappoint, it’s clear, bold, doesn’t smudge and the text is perfectly sized.

Ratchada Dunn

Sharp PN-40TC1 Huddle Board

The Huddle Board’s built in program; Sharp Touch Viewing software allows us to easily manipulate and edit our documents (jpegs and PDFs) all at the same time on the dashboard.

George Khoury

Sharp PN-40TC1 Huddle Board

The biggest perks for me would be that it comes with easy to use and comprehensive programs that make the collaboration process a whole lot more intuitive and organic

Featured Content

Product Launch Showcase

Latest Jobs

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?