Feeds

Taiwan Semicon: Q1 2001 to be a bit of a downer

TSMC's Q4 2000 was very good, though

  • alert
  • submit to reddit

Top 5 reasons to deploy VMware with Tegile

The Taiwan Semiconductor Manufacturing Company has become the latest chip outfit to offer a gloomy outlook for the coming year. Yesterday, it admitted it is anticipating below-par earnings for the current quarter, the first of fiscal 2001.

The warning follows a record Q4. For the three months to 31 December 2000, TSMC recorded profits of NT$21.47 billion ($662 million), up 159 per cent year-on-year.

Gross margin increased five per cent to 46 per cent. TSMC's utilisation rate hit 100 per cent during the quarter.

Sales for the period was up 127 per cent on year-ago quarter. Sales totalled NT$53.82 billion ($1.66 billion).

For the year as a whole, sales hit NT$166.2 billion ($5.12 billion), up 127 per cent on 1999. Net income was up 165.1 per cent to NT$65.1 billion ($2 billion) year on year.

But despite the growth TSMC saw during 2000, the company's outlook for 2001 is pessimistic. It expects margins to plummet nearly half to 24 per cent and utilisation to fall to 70 per cent of its total capacity.

The good news is that the company expects a recovery around March/April. It won't be enough to lift its Q1 figures, but should improve Q2's numbers. ®

Related Stories

VIA's January sales up 92 per cent
AMD claims chip sales growth to beat industry average
SIA admits 2001 chip growth forecast won't be met

Beginner's guide to SSL certificates

More from The Register

next story
Facebook pays INFINITELY MORE UK corp tax than in 2012
Thanks for the £3k, Zuck. Doh! you're IN CREDIT. Guess not
Big Content outs piracy hotbeds: São Paulo, Beijing ... TORONTO?
MPAA calls Canadians a bunch of bootlegging movie thieves
Google Glassholes are UNDATEABLE – HP exec
You need an emotional connection, says touchy-feely MD... We can do that
Just don't blame Bono! Apple iTunes music sales PLUMMET
Cupertino revenue hit by cheapo downloads, says report
US court SHUTS DOWN 'scammers posing as Microsoft, Facebook support staff'
Netizens allegedly duped into paying for bogus tech advice
Feds seek potential 'second Snowden' gov doc leaker – report
Hang on, Ed wasn't here when we compiled THIS document
Verizon bankrolls tech news site, bans tech's biggest stories
No agenda here. Just don't ever mention Net neutrality or spying, ok?
prev story

Whitepapers

Why and how to choose the right cloud vendor
The benefits of cloud-based storage in your processes. Eliminate onsite, disk-based backup and archiving in favor of cloud-based data protection.
Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Storage capacity and performance optimization at Mizuno USA
Mizuno USA turn to Tegile storage technology to solve both their SAN and backup issues.
Simplify SSL certificate management across the enterprise
Simple steps to take control of SSL across the enterprise, and recommendations for a management platform for full visibility and single-point of control for these Certificates.