TSMC reports strong finish to 2016

January 21, 2017 // By Peter Clarke
The world's leading chip foundry Taiwan Semiconductor Manufacturing Co. Ltd (Hsinchu, Taiwan) reported December 2016 sales that helped push fourth quarter and full year sales ahead of previous expectations.

TSMC reported December sales of NT78.112 billion (about $2.47 billion) that were up 33.9 percent ahead of the same month a year before.

The 4Q16 revenue was NT$262.23 billion (about $8.28 billion) ahead of previous forecasts and up 28.8 percent on the fourth quarter of 2015. For the full year TSMC reported revenues of NT$947.938 (about $29.93 billion) and increase of 12.4 percent on its 2015 revenues.

In the fourth quarter shipments of 16nm and 20nm wafers accounted for 33 percent of revenue and shipments of 28nm wafers accounted for 24 percent of revenue.

"Due to stronger demand for TSMC’s 16-nanometer technology and a more favorable exchange rate than our original forecast, fourth quarter revenue surpassed the high-end of our guidance given three months ago," said Lora Ho, CFO of TSMC, in a statement. "Moving into first quarter 2017, we forecast the demand is weaker than the prior quarter due to mobile product seasonality and slightly above seasonal supply chain inventory at the end of 2016."

TSMC is forecasting 1Q17 revenue of between NT$236 billion and NT$239 billion.

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