TSMC reports q-o-q revenue growth of 1% in 1Q2013

TSMC has reported consolidated revenue of NT$132.76 billion, net income of NT$39.58 billion, and diluted earnings per share of NT$1.53 (US$0.26 per ADR unit) for the first quarter ended March 31, 2013. Year-over-year, first quarter revenue increased 25.7% while net income and diluted EPS both increased 18.2%. Compared to fourth quarter of 2012, first quarter of 2013 results represent a 1.0% increase in revenue, and a 4.9% decrease in both net income and diluted EPS. All figures were prepared in accordance with TIFRS (International Financial Reporting Standards as enclosed for use in R.O.C.) on a consolidated basis. In US dollars, first quarter revenue remained flat from the previous quarter and increased 26.8% year-over-year. Gross margin for the quarter was 45.8%, operating margin was 33.5%, and net margin was 29.8%. Shipments of 28-nanometer process technology reached 24% of total wafer revenues. 40/45-nanometer accounted for 23% of total wafer revenues. Advanced technologies, defined as 40/45-nanometers and below, accounted for 47% of total wafer revenues. “Thanks to strong demand from mobile-related applications, our 28-nanometer strength, and favorable currency exchange rate, our first quarter revenue exceeded the guidance given three months ago,” said Lora Ho, SVP and Chief Financial Officer of TSMC. “We expect the strong mobile demand, especially in e...