Business, Gadgets & Electronics

TSMC Net Profit Up 35.3% In Q1 2017

Taiwan Semiconductor Manufacturing Company Limited's financial report for the first quarter of 2017 and its performance outlook for the second quarter of 2017 shows increased net profit.

TSMC realized combined operating revenue of NTD233.91 billion, which was about CNY53.12 billion, during the first quarter of 2017, representing a year-on-year increase of 14.9% and a decrease of 10.8% compared with the previous quarter.

Meanwhile, the company's net profit after tax was NTD87.63 billion, which was about CNY19.9 billion, a year-on-year increase of 35.3% and a decrease of 12.5% compared with the previous quarter. Its post-tax net profit per share was NTD3.38, which was about CNY0.77.

TSMC pointed out that in the first quarter of 2017, their 16/20 nanometer process shipment accounted for 31% of the total chip sales of the company; while 28 nanometer process shipment accounted for 25% of their total chip sales.

In addition, TSMC predicted that in the second quarter of 2017, the company's combined operating revenue would be between NTD213 billion and NTD216 billion; its gross margin would be between 50.5% and 52.5%; and its operating interest rate would be between 39% and 41%.

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