TSMC's Q3 profit is going to be rather better than the company forecast at the end of Q2.
The world's largest chip foundry's third quarter ends next week. It says income for the period will total "at least five times that of Q2". TSMC reported net income of NT$312 million ($9.46 million) last quarter, so it should see profits of at least NT$1.56 billion this quarter if it meets its new guidance.
And it maintained its previous forecast that Q4 will perform better than Q3 - despite the effects of last week's terrorist action on the world's chip markets and TSMC's own earlier-voiced concerns about the extent to which the attack on New York, Washington and Pennsylvania would impact chip sales.
TSMC is basing its new guidance on increasing demand from chip companies targeting the communications market. Essentially, they are using the more compact 0.13 micron process to add functionality to their products in a bid to revive their all-but-collapsed market. ®