TSMC revises upward 1Q14 guidance
Steve Shen, DIGITIMES, Taipei [Thursday 13 March 2014]
Taiwan Semiconductor Manufacturing Company (TSMC) has revised upward its guidance for the first quarter of 2014 and also provided additional comments on its outlook for the quarter.
First-quarter revenues will reach NT$147 billion (US$4.84 billion), up 0.8% sequentially compared to a 5-7% decline forecast previously.
Meanwhile, first-quarter gross margin is expected to top 47% compared to 44.5-46.6% forecast in mid-January, while operating margin is expected to reach 35%, up from the previous target of 32-34%, TSMC said.
"The upside to the first quarter guidance comes mainly from the increases in demand for our 28nm wafers and from customers' active restocking of their inventories," said Lora Ho, senior vice president and CFO of TSMC. "The first quarter upside is perhaps a good prelude to an already anticipated strong year."
TSMC posted revenues of NT$98.26 billion in the first two months of 2014, reaching 66.8% of its revised first-quarter sales target.
I just read several informative posts, didn't have to sort through conspiracy theories, childish accusations and rants, posts saying "well, Intel didn't drop that much!". and it took less than 10 minutes and now I'm on to other things. Whoever muzzled him, I thank you.