May. 11, 2012 (China Knowledge) - Taiwan
Semiconductor Manufacturing Co or TSMC, the world's largest contract chip maker by revenue, has said that its unconsolidated revenue grew 10% to NT$40.01 billion in April from NT$36.23 billion in the same month of last year.
The company saw its consolidated revenue last month rise 9.1% year on year to NT$40.5 billion.
TSMC said earlier that its net profit fell 7.7% year on year to NT$33.47 billion in the first quarter of this year. The drop in Q1 net profit was narrowed from a 35% decline in the third quarter and a 22% decrease in the fourth quarter, due to improved economic conditions in the U.S. and China as well as more-than-expected chip orders.
Morris Chang, chairman and CEO of TSMC, expected the firm's earnings to experience a positive growth in the third quarter, according to an earlier report
from China Knowledge.