TSMC posts record qtly profit on strong chip sales

July 29 (Reuters) – TSMC (2330.TW), the world’s largest contract chipmaker, posted a record quarterly profit well above forecasts as it churned out more chips with more advanced technology to meet rising demand for new PCs, phones and other high-tech goods.

Taiwan Semiconductor Manufacturing Co Ltd (TSMC) (TSM.N) said on Thursday it earned a net profit of T$40.3 billion ($1.3 billion) in April-June versus T$24.44 billion a year ago and well above a consensus forecast of T$35.2 billion from Thomson Reuters I/B/E/S.

The figure surpassed the previous record quarterly result of T$34.485 set in the fourth quarter of 2007.

TSMC and local rival UMC (2303.TW), No.2 chip foundry, are riding on a consumer boom, winning more orders from foreign clients who are selling more powerful chips for PCs, cell phones and other consumer products such as Apple’s (AAPL.O) iPad.

Analysts say TSMC’s profit could peak in the third quarter, the busiest sales season, before it starts to fall in the fourth. Technology demand typically slows after the pre-Christmas buying boom.

Investors are more focused on oversupply and weaker chip prices as they look beyond the strong second quarter.

So far this year, TSMC shares have fallen 2 percent while UMC shares were down 16 percent, against a 5 percent rise on Taiwan’s main TAIEX share index .TWII in the same period.

UMC’s quarterly results are due on Aug. 4. ($1=T$32) (Reporting by Baker Li, Editing by Lincoln Feast)

After civil nuke deal snub, US now rejects Pak’s drone technology demand

Washington, Mar.27 (ANI): Pakistan Foreign Minister Shah Mehmood Qureshi has admitted that the United States has not yet heeded Islamabad’s plea to hand over the unmanned Predator aircrafts to enable it to carry out the drone attacks targeting the extremists.

“I don’t think so,” Qureshi said in response to a question that whether the US has agreed to his country’s long standing demands for the drone technology.

In an interview with the CNN, Qureshi, acknowledged that the CIA operated missile hits inside Pakistan’s geographical boundaries has ‘taken out some valuable targets’ but added that the Obama Administration would be able to reduce the existing massive anti-America sentiment in Pakistan by offering it the drone technology.

“The issue of sovereignty is there. People of Pakistan feel strongly about it. We want the ownership. We make the decision when to operate. It will help improve the feelings in Pakistan,” Qureshi said.

Pakistan has been pestering the US to hand over drone technology to it so that it can carry out strikes on suspicious militant targets in the lawless tribal regions along the Afghan border.

Although Pakistan publicly opposes the attacks, saying that they violate its sovereignty and fuel anti-Americanism among the population, it is believed that it is sharing intelligence with the US about the insurgents and their hideouts.

The US has rejected Pakistan’s demand for armed drones, but during his recent Islamabad visit US Defence Secretary Robert Gates had offered to provide at least a dozen ‘unarmed aerial vehicles to Pakistan.

The Shadow surveillance drone was seen as a compromise aimed at enticing Pakistan further into the ‘war on terror’ and helping the country’s political leadership explain the drone strikes to the country’s people. (ANI)

Intel developing devices that tap energy from environment

Los Angeles, Computer chipmaker Intel is developing tiny devices that can tap the energy from the surrounding environment, a US newspaper reported Saturday.

The devices include chip-size sensors that monitor air quality while riding piggyback on street-sweepers, and cell phones that recharge themselves with energy ‘scavenged’ from the environment, the San Francisco Chronicle reported.

The company has tested a version of this technology in San Francisco, putting the sensors in small boxes attached to street- sweeping machines, the report said.

A transmitter connected to the sensor relays the data to whoever needs it. Distributed around the globe, these devices could give scientists up-to-the-minute details of air quality worldwide.

‘We could, in fact, litter the planet with these things,’ Intel ‘s Chief Technology Officer Justin Rattner said. ‘Why can’t we have these sensors on your cell phones?’

The amounts of energy captured at any one time would be very small, so the devices would need to act as ‘scavengers,’ storing up energy until they had enough to perform a specific task, the paper said.

Energy demand in a computer or a data centre is not constant – it increases or decreases depending on what tasks the gear is performing. Intel is trying to develop processors that can follow changes in energy demand microsecond by microsecond (one millionth of a second), minimizing the amount of electricity lost to idling, according to the paper.by IANS