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TSMC Reports First Quarter EPS of NT$0.06 |
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Issued by: TSMC
Issued on: 2009/04/30
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Hsin-Chu, Taiwan, R.O.C., April 30, 2009 -- TSMC today announced consolidated revenue of NT$39.5 billion, net income of NT$1.56 billion, and diluted earnings per share of NT$0.06 (US$0.01 per ADS unit) for the first quarter ended March 31, 2009.
Year-over-year, first quarter revenue decreased 54.8% while net income and diluted EPS decreased 94.5% and 94.4%, respectively. Compared to fourth quarter of 2008, first quarter results represent a 38.8% decrease in revenue, and a decrease of 87.5% in net income and in diluted EPS. All figures were prepared in accordance with R.O.C. GAAP on a consolidated basis.
As a result of deepening economic recession worldwide and customersˇ¦ inventory adjustment, first quarter saw a sharp decline in the demand for semiconductors across all applications. Gross margin for the quarter was 18.9%, operating margin was 3.1%, and net margin was 3.9%.
Advanced process technologies (0.13-micron and below) accounted for 65% of wafer revenues with 90-nanometer process technology accounting for 25%, 65-nanometer 23%, and 45/40 nanometer reaching 1% of total wafer sales.
ˇ§Although global economic conditions continue to decline, a few signs of economic stabilization began to emerge. Consumption of electronics in the last two quarters exceeded production and surpassed semiconductor companiesˇ¦ low expectations. Meanwhile, companies began to launch new products, while China started implementing various stimulus programs. The dynamic has resulted in a substantial increase in order levels. After sharp declines in two consecutive quarters, TSMC is seeing a strong rebound in its second quarter business and believes overall business in the second half of 2009 will be considerably better than that of the first half,ˇ¨ said Lora Ho, VP and Chief Financial Officer of TSMC. ˇ§Based on our current business outlook, management expects overall performance for second quarter 2009 to be as followsˇ¨:
*Revenue is expected to be between NT$71 billion and NT$74 billion;
*Gross profit margin is expected to be between 43.5% and 45.5%;
*Operating profit margin is expected to be between 30.5% and 32.5%.
The management further expects that 2009 capital expenditure will be around US$1.5 billion.
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TSMC Spokesperson
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Lora Ho |
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Senior Vice President & Chief Financial Officer & Spokesperson |
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Tel: 886-3-5664602 |
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TSMC Deputy Spokesperson
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Dr. Elizabeth Sun |
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Director, TSMC Corporate Communication Division |
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Tel: 886-3-5682085 |
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Email:  elizabeth_sun@tsmc.com |
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