TSMC posts record high chip sales in July

TSMC posts record high chip sales in July

TSMC, the world's biggest contract chip maker, on Thursday reported its highest monthly sales ever.

Taiwan Semiconductor Manufacturing (TSMC), the world's biggest contract chip maker, Thursday reported its best monthly sales ever.

The company's sales rose to NT$27.57 billion (US$841.0 million) in July, up 32 percent over the same month last year, it said in a statement. The July figure handily beat the previous sales record for a single month, NT$27.52 billion, which was set last November.

TSMC's sales for the first seven months of 2006 rose to NT$186.1 billion, up 38 percent compared to NT$135.0 billion last year.

The company's financial performance is watched carefully by analysts and researchers because the chip maker is considered a bellwether for the IT industry due to the variety of chips it produces for computer, communications and consumer electronics products.

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