TSMC sales hit a new high in August

Taiwan Semiconductor Manufacturing Co. (TSMC), the world’s largest contract chipmaker, said it saw its August sales hitting a monthly record high in the company’s history.

The August spike was partly the result of an increase in orders placed by Apple Inc., which was building up inventory in preparation for the launch of the next-generation iPhones scheduled for later in September.

TSMC said it posted sales of NT$106.12 billion (US$3.40 billion), the highest-ever level, up 25.2 percent from a month earlier and up 16.5 percent from a year earlier.

Apple is scheduled to hold a “special event” later. However, the market has widely anticipated that the U.S. consumer electronics giant will introduce three new iPhone models using processors made on TSMC’s high-end technology.

In the wake of the strong demand from its clients prompted by the peak-season effect, the Taiwanese chipmaker is expected to achieve its third-quarter sales target of between US$9.1 billion and US$9.2 billion, up 18 percent from the second quarter, without difficulty.

In addition to strong demand for high-end smartphones, TSMC is expected to benefit from rising shipments of chips used in high-performance computing devices, the Internet of Things applications and automotive electronic gadgets in the third quarter.

Besides Apple, Chinese integrated circuit (IC) designer HiSilicon Technologies Co., Taiwanese IC designer MediaTek Inc. and U.S.-based semiconductor Advanced Micro Devices Inc. are expected to serve as drivers to TSMC’s sales growth in the July-September period.

The August sales were the second-highest level so far this year, trailing July’s NT$13.73 billion.