Taiwan TSMC's net profit will rise in 2010 but slow in 2011

Based on the strong demand for chips, Taiwan Semiconductor Manufacturing Co. (TSMC) expects net profit to rise 40% in 2010, while due to an anticipated chip supply glut, the growth will likely slow in 2011, according to its chairman Morris Chang.

Based on its net profit of $2.71 billion in 2009, a 40% increase would suggest net profit of $3.79 billion for 2010. Chang said the company expects TSMC's pretax profit and revenue to grow just around 10% next year, but that would still outpace the industry's anticipated revenue growth of about 5%. TSMC posted revenue of $8.998 billion in 2009.

Despite of this, Chang is still confident of the future. He believes that their solar and LED businesses will fuel the company's future growth, and they aim to grow their pretax profit by an average of 10% annually in the future.

According to Chang , TSMC has now run up against the limits of growth in the contract-chip making business in April, and plans to derive more of its revenue from the solar energy and LED businesses.

Keywords:

Disclaimers of Warranties
1. The website does not warrant the following:
1.1 The services from the website meets your requirement;
1.2 The accuracy, completeness, or timeliness of the service;
1.3 The accuracy, reliability of conclusions drawn from using the service;
1.4 The accuracy, completeness, or timeliness, or security of any information that you download from the website
2. The services provided by the website is intended for your reference only. The website shall be not be responsible for investment decisions, damages, or other losses resulting from use of the website or the information contained therein<

Proprietary Rights
You may not reproduce, modify, create derivative works from, display, perform, publish, distribute, disseminate, broadcast or circulate to any third party, any materials contained on the services without the express prior written consent of the website or its legal owner.