Top
10°

TSMC Q2 sales beat f'cast, more gains ahead

Top contract chip maker TSMC (2330.TW) booked its biggest monthly sales in eight months that topped the level by cross-town rival UMC (2303.TW), thanks to growing demand for computers and other consumer gizmos.

April-June sales jumped 88 percent from the first quarter and beat TSMC's (TSM.N) own forecast made in April, boding well for the third quarter as analysts expect TSMC to boost shipments of chips made by more advanced technology to its clients.

Taiwan Semiconductor Manufacturing Co Ltd (TSMC), which grabs about a 50 percent share of the $20 billion market for custom-built chips, had unconsolidated sales of T$25.78 billion ($781 million) last month, the company said on Friday.

The story is too old to be commented.