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TSMC Reports Fourth Quarter EPS of NT$3.08; Records High

By Vincent Wang
Published: Jan 15,2015

TAIPEI, Taiwan — Taiwan Semiconductor Manufacturing Company (TSMC) on January 15 announced consolidated revenue of NT$222.52 billion, net income of NT$79.99 billion, and diluted earnings per share of NT$3.08 (US$0.50 per ADR unit) for the fourth quarter ended December 31, 2014.

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Year-over-year, fourth quarter revenue increased 52.6 percent while net income and diluted EPS both increased 78.5 percent. Compared to third quarter 2014, fourth quarter results represent a 6.4 percent increase in revenue, and a 4.8 percent increase in net income. All figures were prepared in accordance with TIFRS on a consolidated basis.

In US dollars, fourth quarter revenue increased 3.7 percent from the previous quarter and increased 46.4 percent year-over-year. Gross margin for the quarter was 49.7 percent, operating margin was 39.6 percent, and net profit margin was 35.9 percent.

Shipments of 20 nanometer process technology accounted for 21 percent of total wafer revenues. 28 nanometer accounted for 30 percent of total wafer revenues. Advanced technologies, defined as 28 nanometer and 20 nanometer technologies, accounted for 51 percent of total wafer revenues.

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