Bloomberg News

TSMC to Post Double-Digit Sales Growth in 2013, Chang Says

April 09, 2013

Taiwan Semiconductor Manufacturing Co., the world’s largest contract producer of chips, projects that sales will rise at a percentage in the teens this year, Chief Executive Officer Morris Chang said.

Revenue at so-called fabless chipmakers, or chip-design companies that hire TSMC and its rivals to manufacture their products, will expand about 9 percent, while the semiconductor market as a whole will grow at about 4 percent, Chang said at an event today in San Jose, California.

“Last year was not a very good one,” said Chang, referring to industrywide sales, which he said shrank 2 percent to 3 percent in 2012. “This year we think will be better.”

TSMC’s revenue increased 19 percent in 2012. The Hsinchu, Taiwan-based company is outperforming the majority of the chip industry as its plants churn out semiconductors for companies such as Qualcomm Inc. (QCOM:US) and Broadcom Corp. (BRCM:US), which supply the key components of smartphones and tablets.

In January, TSMC said first-quarter revenue would be NT$127 billion ($4.23 billion) to NT$129 billion. That compares with the NT$124 billion average analyst estimate compiled by Bloomberg at the time.

TSMC’s fourth-quarter profit jumped 32 percent as demand for mobile devices from Apple Inc. and Samsung Electronics Co. spurred semiconductor sales.

To contact the reporters on this story: Ian King in San Francisco at ianking@bloomberg.net

To contact the editors responsible for this story: Tom Giles at tgiles5@bloomberg.net


Soul Searcher
LIMITED-TIME OFFER SUBSCRIBE NOW

(enter your email)
(enter up to 5 email addresses, separated by commas)

Max 250 characters

Companies Mentioned

  • QCOM
    (QUALCOMM Inc)
    • $79.49 USD
    • 0.35
    • 0.44%
  • BRCM
    (Broadcom Corp)
    • $29.58 USD
    • 0.39
    • 1.32%
Market data is delayed at least 15 minutes.
 
blog comments powered by Disqus