UPDATE 1-TSMC Oct sales growth slows amid weak demand
Wed Nov 10, 2010 1:17am EST
* Sales grow 2 pct m/m, 28 pct yr/yr
* Other Taiwan tech firms see Oct sales slip
* Seen meeting earnings guidance-analyst (Adds comment, other results)
TAIPEI, Nov 10 (Reuters) - TSMC (2330.TW), the world's biggest contract chipmaker, saw sales growth slow in October, as widely expected, the latest Taiwanese tech firm to report a weaker month as demand wanes.
Taiwan Semiconductor Manufacturing Co Ltd (TSMC) (TSM.N) had unconsolidated sales of T$37.37 billion ($1.2 billion) last month, 2 percent above September's T$36.653 billion. Sales rose 28 percent over the same month a year earlier, slower than the previous month's 31 percent rise.
Last month the company had forecast slowing sales and margins for the fourth quarter due to waning demand as a faltering global recovery cuts demand for computers, flat-screen TVs and other electronic devices that require chips.
"There is no risk in TSMC's meeting its guidance, or even exceeding it" said Eric Chen, analyst at Daiwa Securities.
"TSMC is still outperforming the industry in terms of wafer shipments. For the foundry sector, we continue to see a seasonality pattern. Sector revenues in the first quarter next year will be down 5-10 percent from the previous quarter."
TSMC has forecast revenues in the fourth quarter at between T$107 billion and T$109 billion, versus the third quarter's T$112.25 billion. [ID:nTOE69O05Q].
But it continues to invest, and on Tuesday approved a plan to spend $1.88 billion to set up production lines in its factory in central Taiwan and expand its advanced technology capacity. [ID:nTPV002147]
Market research firm iSuppli Corp said that global semiconductor sales next year could climb by 5.1 percent, a significant slowdown from this year's projected growth of 32 percent. [ID:nTOE68T0A4]
Rival UMC (2303.TW) (UMC.N) said on Monday that its October sales rose 15 percent from a year ago but slipped from the previous month. [ID:TPV002139]. Korean and U.S. makers have also noted weakness.
Also this week, top contract laptop maker Quanta Computer Inc (2382.TW) and No.2 Compal Electronics Inc (2324.TW) both reported October sales slipping from the previous month.
For full details of TSMC's sales, click on : here ($1=30.17 Taiwan Dollar) (Reporting by Argin Chang; Editing by Jonathan Standing and Ken Wills)
I hope nobody is "eating" Covello's conviction horse shit;
LRCX targeted twice within 24 hours by two of the worst scumbags firms - coincidence?
Not at all
Acuri did not change NVLS FY EPS because the push out would not matter in case of NVLS - NVLS fiscal year matches calendar year opposite to LRCX.
Neither did he disclose his EPS projection for LRCX for FY 2012.
Hopefully AMAT will follow through; |
