Foundry chipmaker Taiwan Semiconductor Manufacturing Co. Ltd. has said that demand for its wafers will “moderate” in the third quarter after it reported record sales and profits for 2Q13. Third-quarter sales are set to be up between 3.3 and 5.2 percent from Q2, TSMC announced along with its financial result for 2Q13.
TSMC made a record-breaking net income of NT$51.81 billion (about US$1.73 billion) on record consolidated revenue of NT$155.89 billion (about $5.2 billion) in the second quarter of 2013.
Year-over-year the quarterly revenue was up 21.6 percent while it was up 17.4 percent compared with 1Q13. This is an exceptionally large increase for Q2 sequential growth at TSMC but was expected, being just above the mid-point of previous forecast. In US dollar terms the Q2 revenue increased 15.9 percent from the previous quarter and increased 20.7 percent year-over-year. Read More