Published quarterly report TSMC: in just three months, net income dipped by 24.4%
Company TSMC, the world’s largest contract manufacturer of semiconductor products, reported for the last quarter. The reporting period brought TSMC more than $ 7 billion gross income. Net income (the profit before payment of dividends) was approximately equal to 2.18 billion dollars.
Compared with the second quarter of 2016, the total income decreased by 3.6%, net income by 8.6%. Compared to the first quarter of this year, total income decreased by 8.6%, and net income — as much as 24.4%.
If you enter a correction for the change in the exchange rate, it appears that the total income for the year increased by 3.2%.
Among the interesting facts presented in the report are the following: the share of 10-nanometer products in the second quarter was 1%.
It is expected that in the current quarter, the share of the 10-nanometer production will increase to 10%. This rapid growth will be supplied with single-chip systems Apple A11, which TSMC began in June. Quarterly revenue is projected at the level of 8,12-8,22 billion.