K.C. Swanson
Reflecting extremely strong chip demand, TSMC expects to draw on up to 105% of its factory in the second quarter (a feat made possible by operating the plant overtime).
Also, gross profit margin should rise by a few percentage points compared to the first-quarter margin of 39.5%. The company reported on Tuesday that its March quarter sales jumped 46.2% from last year's levels to $1.72 billion, about in line with expectations for $1.75 billion. Sales were down only 0.5% from the prior quarter. The results were posted three days ahead of schedule after they were accidentally posted on the Taiwan Stock Exchange's website. Net income totaled $561 million, or 14 cents a share, two pennies ahead of expectations.TheStreet Premium Services
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note |
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|---|---|---|---|---|
| 12,419.86 | 1,313.32 | 2,837.36 | 16.25 |
Oil *
103.00
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160.83 |
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19.10 |
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33.63 |
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1.06 |
10 Yr
1.62%
SPDR Gold
151.91
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-1.28%
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-1.43%
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-1.17%
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-6.12%
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