The company turned in sales of $1.6 billion for the quarter ending September 30, a 37.8% rise on the previous year. Net income was $443 million, a mammoth 380% rise on the year.
Taiwan Semiconductor Manufacturing Corporation (TSMC) expected its fourth quarter performance to be in line with that of the third quarter. Wafer shipments are expected to grow, while ASPs will decline slightly. Overall utilization will remain at around 95%, with increased demand in the communications segment offsetting declines in consumer and computer.
For the year to date, sales stand at $4.2 billion, up 20.3%, while net income so far is $904 million, up 16%.
This article was based on material originally published by ComputerWire.
