The world's largest contract chip maker, Taiwan Semiconductor Manufacturing (TSMC), has reported strong second-quarter results, spurred by heightened demand from its customers in June.
Net sales for the second quarter of 2003 came in at $US1.45 billion, a 27 per cent increase over first quarter sales, TSMC said. Meanwhile, net sales for the first half of the year grew 11.6 per cent over 2002, to $US2.6 billion.
The second quarter was boosted by strong June sales of $US519 million, representing 14.3 per cent growth over the same month in 2002. This year's results also benefited from increased shipments of silicon wafers and a better product mix, the company said.
With the heightened demand, the Hsinchu, Taiwan-based company said it had a higher plant utilisation rate than it did in the first quarter of the year. Plant utilisation hit 87 per cent in the second quarter, compared to 67 per cent in May.
Looking ahead, TSMC, whose customers include Nvidia and Motorola, is hoping to continue to benefit from the increased demand for high-end handsets and the gradual recovery of the global economy.