Taiwan Semiconductor's Q3 sales hits record

Written By Unknown on Rabu, 09 Oktober 2013 | 21.43

Taiwan Semiconductor posted record-high quarterly sales of Tw$162.6 billion ($5.54 billion) as demand for its high-end chips grows.

Revenue in the three months to September, the peak season for the sector, were in line with the forecast range of Tw$161-Tw$164 billion.

The world's biggest contract microchip maker said it enjoyed a surge in demand for its wafer technology since the first quarter as mobile makers ratchet up their smartphone lines amid fierce competition in the multibillion-dollar sector.

In accordance with this, TSMC raised its capital expenditure estimate for 2013 to $9.5-$10 billion, from the previous forecast of $9 billion.

US giant Apple struck a deal with TSMC in May in what analysts see as an attempt to reduce its reliance on arch-rival Samsung, the Wall Street Journal said in June.

It said manufacturing of chips for Apple's mobile devices would start early next year.


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