June 10, 2010 / 6:39 AM / 8 years ago

UPDATE 2-TSMC May sales hit record; demand to stay strong

 * May sales up 38 percent to record $1.04 billion
 * May unconsolidated sales T$33.84 bln vs T$24.47 bln yr ago  (Adds graphic link)
 TAIPEI, June 10 (Reuters) - TSMC (2330.TW), the world's biggest contract chipmaker, posted record sales for a second month in May, buoyed by strong demand for computers and electronic gadgets.
 The figures, which follow a strong rise in sales in the same month for rival United Microelectronics Corp (UMC) (2303.TW) [ID:nTPV001634], underscore expectations that Taiwan Semiconductor Manufacturing Co Ltd will book record sales and profit for 2010.
 It has allocated record capital spending to boost capacity to meet rising demand for new PCs and other consumer products that require more powerful chips.
 "TSMC's and UMC's facilities will continue to fully run as demand remains brisk," said C.H. Hsu, who manages T$16 billion ($500 million) for Capital Securities Investment Trust, including TSMC shares.
 "A slowdown for the foundry industry could come in September-October, as it moves into the traditionally slow season," he said, adding that average run rates for global foundries could come down to 80 percent in the fourth quarter.
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 For a graphic on TSMC and UMC sales, click:            
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 Unconsolidated sales at TSMC (TSM.N) were T$33.84 billion last month, versus T$24.47 billion a year earlier, the company said on Thursday. It did not give details.
 For a full company statement, see here%20_E.pdf
 TSMC, which counts Texas Instruments TXN.N and Nvidia (NVDA.O) among major clients, has given an upbeat forecast for the second quarter after booking its biggest quarterly profit in more than two years. [ID:nTOE63M02S]
 On a consolidated basis, revenue for January through May 2010 totalled NT$160.82 billion, an increase of 84.4 percent compared to the same period in 2009.
 TSMC's results came as the Taipei stock market closed on Thursday. The stock rose 1.37 percent while the main TAIEX share index .TWII was up 1.56 percent.  (US$1=T$32)  (Reporting by Jonathan Standing and Faith Hung; Editing by Jacqueline Wong and Chris Lewis)   

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