TSMC Third-Quarter Sales Beat Guidance, Estimates on Rush Orders
October 07, 2011, 2:03 AM EDTBy Tim Culpan
Oct. 7 (Bloomberg) -- Taiwan Semiconductor Manufacturing Co., the world’s largest contract manufacturer of chips, posted third-quarter revenue that beat its own guidance and analyst estimates because of rush orders.
September consolidated revenue was NT$33.4 billion, the Hsinchu, Taiwan-based company said in a statement today. That takes sales for the quarter to NT $106.5 billion, surpassing the NT$105.8 billion average of 20 analyst estimates, according to Bloomberg data.
TSMC’s sales for the period would probably exceed its original NT$102 billion to NT$104 billion forecast because of rush orders, it said Sept. 9 without naming the client. Broadcom Corp., which designs chips used cellphones, is a likely candidate for those orders ahead of the release this month of Apple Inc.’s next iPhone, Bloomberg supply chain analyst Richard Davenport wrote in a report last month.
--Editor:
To contact the reporter on this story: Tim Culpan in Taipei at tculpan1@bloomberg.net
To contact the editor responsible for this story: Young-Sam Cho at ycho2@bloomberg.net -0- Oct/07/2011 05:38 GMT
