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
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

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

Executives



Elizabeth Sun – Director, Corporate Communications

Lora Ho – SVP, CFO and Spokesperson

Morris Chang – Chairman and CEO

Analysts



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

Presentation



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 www.tsmc.com. 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

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

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
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, 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
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,098.45 +18.88 0.11%
S&P 500 2,003.37 +6.63 0.33%
NASDAQ 4,580.2710 +22.5760 0.50%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs