TSMC Q3 lifted by ‘rush orders’
Taiwan's TSMC has announced better than expected Q3 results on the back of some 'rush orders', according to cfo Lora Ho.
The world's largest chipmaker reported net sales of approximately NT$37billion, up 6.1% over July 2011 and up 1.5% year on year. Revenues for January through August 2011 totalled NT$282.35billion, an increase of 7.2% compared to the same period in 2010.
"In August, we completed some rush orders for customers, therefore, TSMC's third quarter revenue is likely to exceed the guidance given on July 28, 2011," noted Ho. "However, given the increased uncertainty in the global economy, TSMC does not expect that these short term rush orders will continue into the fourth quarter."
