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TSMC 4Q11 sales near high-end guidance

Jessie Shen, DIGITIMES, Taipei
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Taiwan Semiconductor Manufacturing Company (TSMC) saw its consolidated revenues amount to NT$104.7 billion (US$3.5 billion) in the fourth quarter of 2011, which came close to the company's high-end target of NT$105 billion.

TSMC has reported NT$31.24 billion in December consolidated revenues, down 12.9% on month and 10.4% on year. Sales for all of 2011 totaled NT$427.08 billion, showing an increase of 1.8% compared to 2010.

The full-year number also represented the company's highest annual sales in its history.

TSMC is scheduled to discuss its financial results for the fourth quarter of 2011 and the entire year, and provide its guidance for first-quarter 2012 and industry outlook at a company investors meeting on January 18.