Thursday, June 23, 2011

TSMC 2Q11 sales expected to meet guidance

Taiwan Semiconductor Manufacturing Company's (TSMC) consolidated revenues are expected to meet the company's guidance of NT$109-111 billion (US$3.8-3.9 billion), according to market watchers.

TSMC is expected to post another sequential drop in June consolidated revenues, the watchers said. The on-month decrease, however, is unlikely to stop the company from meeting its sales goal for the second quarter, the watchers indicated.

However, the watchers expressed caution about TSMC's business outlook for the third quarter, citing weaker-than-expected demand. Orders have slowed in part due to clients' inventory build-ups, the watchers observed.

TSMC may register single-digit sequential growth in sales for the third quarter of 2011, according to the watchers, adding that their previous estimates were more optimistic.

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