TSMC saw its fourth quarter revenues slip

Year-over-year, the company's fourth quarter revenues decreased 8.5%. Compared to third quarter 2015, fourth quarter results represent a 4.2% decrease, and a 3.3% decrease in net income. In US dollars, fourth quarter revenue was USD 6.24 billion, which decreased 6.4% from previous quarter and decreased 13.7% year-over-year. Gross margin for the quarter was 48.6%, operating margin was 38.3%, and net profit margin was 35.8%. Shipments of 16/20-nanometer accounted for 24% of wafer revenues, and 28-nanometer process technology accounted for 25% of total wafer revenues. Advanced technologies, defined as 28-nanometer and more advanced technologies, accounted for 49% of total wafer revenues.