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Thursday, 28 January 2010 - Chipmaker TSMC says profit more than doubles
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    Read more with google mobile : Chipmaker TSMC says profit more than doubles

    Yahoo! My Yahoo! Mail More Yahoo! Services Account Options New User? Sign Up Sign In Help Yahoo! Search web search Home Singapore Asia Pacific World Business Entertainment Sports Technology Singapore Asia Pacific World Chipmaker TSMC says profit more than doubles AP - Friday, January 29 Send IM Story Print TAIPEI, Taiwan – Taiwan Semiconductor Manufacturing Co., the world's largest contract chipmaker, said Thursday its fourth quarter profit more than doubled after a rebound in global demand for computers. Net income for October-December surged 162 percent from a year earlier to 32.67 billion New Taiwan dollars ($1 billion) on revenue of NT$92 billion ($2.9 billion), TSMC said. Fourth quarter sales jumped 43 percent from a year earlier, the company said, and it forecast a double-digit expansion in sales this year as the global economy recovers. Weak demand early in 2009 dragged down full-year sales 11.2 percent from 2008 to NT$295.7 billion, the company said. Sales improved with "computer-related applications growing strongly" amid the emerging global recovery, despite a seasonal decline in demand for consumer-related applications, the company said. TSMC's chips are used in devices ranging from mobile phones to computers. Demand plunged following the 2008 onset of the global crisis but began to recover during the second quarter of last year. Chairman Morris Chang was upbeat about 2010 at an investor conference, forecasting a 14 percent increase in global computer sales and a 12 percent increase in handset sales during the year. The company forecast an 18 percent growth in the global semiconductor market in 2010, Chang said. The market contracted about 9 percent in 2009. Foundry, or contract manufacturing, would outperform the overall chip market, with an expected 29 percent growth in 2010, Chang said. The overall foundry industry contracted 17 percent in 2009, he said. The company is expected to run at full capacity throughout 2010, while preparing to begin mass production using the cutting-edge 28-nanometer process technology in the first half of 2011, he said. The advanced process enables more features to be integrated into smaller chips. TSMC wafer productions now involve mainly 0.13-micron, 40- and 65-nanometer technologies. ___ On the Net: TSMC: http://www.tsmc.com Recommend Send IM Story Print Related Articles Earnings Preview: Humana to post 4Q earnings AP - 55 minutes ago Bristol-Myers 4Q profit rises on sales boost, gain AP - 58 minutes ago IFM shares rising after pared-back IPO debuts AP - 58 minutes ago HealthPort nixes IPO, citing weak market AP - 1 hour 4 minutes ago P&G 2Q sales rise; consumers turn back to brands AP - 1 hour 5 minutes ago News Search Top Stories US new jobless claims dip US durable goods orders up 0.3% Overweight septuagenarians live longer: study Fed holds steady, sees low rates for 'extended period' US new home sales slump to nine-month low in December More Top Stories » ADVERTISEMENT Most Popular Most Viewed Most Recommended Overweight septuagenarians live longer: study Saab gets reprieve as GM seals sale to Spyker US new home sales slump to nine-month low in December Haitian police shoot scavengers indiscriminately New York woman falls, rips Picasso painting More Most Viewed » Woman who saved Anne Frank's diary dead at 100 Scientists praise Obama as Doomsday clock reset More Most Recommended » Elsewhere on Yahoo! Financial news on Yahoo! Finance Stars and latest movies Best travel destinations More on Yahoo! News Home Singapore Asia Pacific World Business Entertainment Sports Technology Subscribe to our news feeds Top StoriesMy Yahoo!RSS » More news feeds | What are news feeds? Also on Yahoo Answers Groups Mail Messenger Mobile Travel Finance Movies Sports Games » All Yahoo! Services Site Highlights Singapore Full Coverage Most Popular Asia Entertainment Photos Copyright © 2010 Yahoo! Southeast Asia Pte. Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Terms of Service | Privacy Policy | Community | Intellectual Property Rights Policy | Help

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