Arab Today, arab today taiwan semiconductor profit up 21 in q1
Last Updated : GMT 23:49:03
Arab Today, arab today
Arab Today, arab today

Taiwan Semiconductor profit up 21% in Q1

Arab Today, arab today

Arab Today, arab today Taiwan Semiconductor profit up 21% in Q1

Taipei - AFP

Taiwan Semiconductor Manufacturing Co said Thursday its first-quarter net profit rose 21 percent year-on-year, boosted by stronger than expected demand for chips used in smartphones and tablets. The world's biggest contract chip maker said net profit rose to Tw$47.87 billion ($1.6 billion) in the January-March period, while revenue grew 11.6 percent to Tw$148.22 billion from a year earlier. Net profit and revenue rose 6.8 percent and 1.7 percent, respectively, from the fourth quarter last year, the company said in a statement. The figures exceeded a forecast TSMC made last month when raising its first-quarter guidance on robust demand for sophisticated chips used in mobile devices. The company had expected first-quarter revenue of around Tw$147 billion. "In the first quarter, we saw much stronger demand for our wafers across all segments but more pronounced in mobile-related applications than we had initially predicted," said chief financial officer Lora Ho. TSMC said mobile device makers have turned more positive in their outlook this year, driven by better-than-expected business in the last quarter of 2013. They were actively restocking inventory before new product launches. The company expects a strong rebound in demand to continue in the second quarter, with estimated revenue of around Tw$180-Tw$183 billion while gross profit margin is expected at 47.5-49.5 percent and operating profit margin at 36.5-38.5 percent. TSMC is also expected to get a boost from supplying the "A8" chips to be used in Apple's next iPhone starting in the second or third quarter, according to Dow Jones Newswires.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today taiwan semiconductor profit up 21 in q1 Arab Today, arab today taiwan semiconductor profit up 21 in q1

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today taiwan semiconductor profit up 21 in q1 Arab Today, arab today taiwan semiconductor profit up 21 in q1

 



Arab Today, arab today Designer prepared new set of ornaments

GMT 02:45 2017 Wednesday ,28 June

Designer prepared new set of ornaments
Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
Arab Today, arab today
Arab Today, arab today

GMT 08:23 2017 Saturday ,24 June

Actress Feryal Yussef received new drama offers

GMT 09:49 2017 Tuesday ,02 May

Girl barred from Malaysia chess competition

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse

GMT 16:25 2017 Sunday ,04 June

“Suhoor” is basic meal for fasting

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 11:09 2017 Sunday ,25 June

HUAWEI P10 the ‘guru’ of portrait shots

GMT 17:59 2017 Monday ,12 June

Designer Rania Adel reveals her new collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday