Sequential Rise Expected at TSMC

TSMC’s consolidated revenues in February reached NT$59.6 billion ($1.6 billion): a 16% QoQ and 4.9% YoY fall. Year-to-date revenues were NT$130.4 billion ($3.6 billion), down 12.9% YoY. The firm previously adjusted its Q1 revenue expectations, following the Taiwanese earthquake in February (Companies Revise Earthquake Impact). Expectations are for an 18.5% – 21.9% QoQ rise in TSMC’s Q1 results.