Taiwan Semiconductor Manufacturing Co. has offered up its first quarter results for the year, with another mixed bag for the company. Turnover was NT$105.51 billion ($3.6 billion) and net profit was NT$33.47 billion ($1.1 billion), 7.7 percent down on the NT$36.28 it made in the same quarter last year. On the upside, the chip foundry, which produces silicon for plenty of the world’s biggest companies managed to claw back some of those profit dips from Q4 of last year, showing there’s some evidence of a reversal of the trend.
The company’s also encouraged by strong demand for its new 28-nanometer chips, which should offset the $8.5 billion spent on developing that (and a forthcoming 20-nanometer facility).
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Continue reading TSMC 2012 Q1 results: $1.1 billion profit good, 20-nanometer processes expensive
TSMC 2012 Q1 results: $1.1 billion profit good, 20-nanometer processes expensive originally appeared on Engadget on Thu, 26 Apr 2012 05:15:00 EDT. Please see our terms for use of feeds.
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