This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Taiwan Semiconductor's CEO Discusses Q2 2012 Results - Earnings Call Transcript

Taiwan Semiconductor Mfg. Co. Ltd. (TSM)

Q2 2012 Earnings Call

July 19, 2012 2:00 AM ET


Elizabeth Sun – Director, Corporate Communications

Lora Ho – SVP, CFO and Spokesperson

Morris Chang – Chairman and CEO


Dan Heyler – Bank of America

Mehdi Hosseini – Susquehanna

Michael Chou – Deutsche Bank

William Lu – Morgan Stanley

Andrew Lu – Barclays

Roland Shu – Citigroup

Brett Winston – RA

Mahesh Sanganeria – RBC Capital Markets

Steven Pelayo – HSBC

Randy Abrams – Credit Suisse


Elizabeth Sun

Welcome to TSMC’s second quarter 2012 earnings conference and conference call. This is Elizabeth Sun, TSMC’s Director of Corporate Communications, and your host for today. This is the first time that we are combining the quarterly earnings conference with the conference call, and event is webcast live via TSMC’s website at If you’re joining us through the conference call, your dialing lines are in listen-only mode. As this conference is being viewed by investors around the world, we will conduct this event in English only.

The format for today’s event will be as follows. First, TSMC’s Senior Vice President and CFO Ms. Lora Ho will summarize our operations in the second quarter and give you our guidance for the next quarter. Afterwards TSMC’s Chairman and CEO Dr. Morris Chang will provide his general remarks on business outlook and state a couple of key messages. Then we will open the floor to questions.

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $95.41 1.90%
GOOG $694.26 -0.57%
FB $117.77 -0.67%
TSLA $232.98 -3.60%
YHOO $36.06 -1.30%


Chart of I:DJI
DOW 17,752.14 -139.02 -0.78%
S&P 500 2,065.06 -16.37 -0.79%
NASDAQ 4,775.9440 -41.65 -0.86%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs