Taiwan Semiconductor Manufacturing Co., Ltd. held its 1st quarter 2011 conference on the 28th and announced that it had revenue of NT$105.38 billion in the first quarter, gross margin was as high as 49%, and profit-earning ratio was also 37.2%. The high single-quarter earnings per share (EPS) is 1.4 yuan, and the gross profit margin in the second quarter will decline slightly. TSMC Chairman Zhang Zhongmou said that although the NT recently showed a strong appreciation trend, and almost eaten TSMC EPS about 1 yuan, but the goal of 20% revenue growth in 2011 has not changed.
Looking forward to the second quarter of 2011, TSMC spokesperson He Limei’s chief financial officer said that although there was a 311 strong earthquake in Japan, internal estimates for the second quarter of the year’s revenue reached 109 billion to 111 billion yuan, which will continue to be higher than 1 quarter higher by 3% to 6%, however, due to the increase in production capacity in the second quarter of more than 8%, the company's single quarter gross profit margin and profitability rate fell due to the decline in production capacity utilization and depreciation fee, which may be slightly lower than the first quarter 2 Percentage.
According to TSMC's latest fiscal target in the second quarter of 2011, although the company's second-quarter revenue can increase by 3 to 6%, it is subject to the second quarter gross margin target has fallen to between 45.5 to 47.5%, and the profit-earning rate target is also It was revised down to between 33.5 and 35.5%. Therefore, the market initially estimated that the second quarter EPS performance of TSMC should decline compared to the first quarter. However, people familiar with TSMC said that the company did not recognise the income tax benefit in the first quarter of the year. With confidence in the company's 2nd quarter operating target, TSMC's Q2 EPS should have no less than the 1st quarter standard.
The key to TSMC’s revenue growth in the second quarter, He Limei said, observe the customer orders? “The most enthusiastic consumer orders in the second quarter were PC customers. The quarterly growth rate was more than 10%. Consumer electronics customers only experienced slight growth due to inventory issues. As for mobile communication products, customers were restricted to the Japan 311 earthquake. It will decline compared to the first quarter, in which smart phone chips have low inventories, and the inventory of functional and low-end mobile phone chips is relatively high, but it is expected that this type of slightly higher inventory will gradually end in the second quarter of 2011. Finished.
As for the world's semiconductor industry deducting the growth rate of the output value of the semiconductor industry, TSMC revised from 7% to 4%, mainly due to the fact that many economies in the world have been experiencing downward pressure on local GDP figures due to inflation issues and weak demand. Therefore, internally, the growth rate of the global PC industry in 2011 was revised from 12% to 8%, the growth rate of the mobile communication industry was from 9% to 7%, and the growth rate of the consumer electronics industry was also 6%. It is 3%.
He Limei said that the revenue from the 40-nanometer process accounted for 22% of the sales volume of TSMC in the first quarter of 2011, and 65-nm process? The percentage of wafer sales represented 32% of the sales amount of wafers. The amount of wafer sales of the two advanced processes mentioned above has reached 54% of the wafer sales amount in the first quarter of 2011. As for the 28-nm manufacturing process, it is estimated that by the end of 2011, it will also account for 2-3% of the sales amount of TSMC wafers.
Looking forward to the second quarter of 2011, TSMC spokesperson He Limei’s chief financial officer said that although there was a 311 strong earthquake in Japan, internal estimates for the second quarter of the year’s revenue reached 109 billion to 111 billion yuan, which will continue to be higher than 1 quarter higher by 3% to 6%, however, due to the increase in production capacity in the second quarter of more than 8%, the company's single quarter gross profit margin and profitability rate fell due to the decline in production capacity utilization and depreciation fee, which may be slightly lower than the first quarter 2 Percentage.
According to TSMC's latest fiscal target in the second quarter of 2011, although the company's second-quarter revenue can increase by 3 to 6%, it is subject to the second quarter gross margin target has fallen to between 45.5 to 47.5%, and the profit-earning rate target is also It was revised down to between 33.5 and 35.5%. Therefore, the market initially estimated that the second quarter EPS performance of TSMC should decline compared to the first quarter. However, people familiar with TSMC said that the company did not recognise the income tax benefit in the first quarter of the year. With confidence in the company's 2nd quarter operating target, TSMC's Q2 EPS should have no less than the 1st quarter standard.
The key to TSMC’s revenue growth in the second quarter, He Limei said, observe the customer orders? “The most enthusiastic consumer orders in the second quarter were PC customers. The quarterly growth rate was more than 10%. Consumer electronics customers only experienced slight growth due to inventory issues. As for mobile communication products, customers were restricted to the Japan 311 earthquake. It will decline compared to the first quarter, in which smart phone chips have low inventories, and the inventory of functional and low-end mobile phone chips is relatively high, but it is expected that this type of slightly higher inventory will gradually end in the second quarter of 2011. Finished.
As for the world's semiconductor industry deducting the growth rate of the output value of the semiconductor industry, TSMC revised from 7% to 4%, mainly due to the fact that many economies in the world have been experiencing downward pressure on local GDP figures due to inflation issues and weak demand. Therefore, internally, the growth rate of the global PC industry in 2011 was revised from 12% to 8%, the growth rate of the mobile communication industry was from 9% to 7%, and the growth rate of the consumer electronics industry was also 6%. It is 3%.
He Limei said that the revenue from the 40-nanometer process accounted for 22% of the sales volume of TSMC in the first quarter of 2011, and 65-nm process? The percentage of wafer sales represented 32% of the sales amount of wafers. The amount of wafer sales of the two advanced processes mentioned above has reached 54% of the wafer sales amount in the first quarter of 2011. As for the 28-nm manufacturing process, it is estimated that by the end of 2011, it will also account for 2-3% of the sales amount of TSMC wafers.
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