Taiwanese foundry TSMC announced its New Business Development Organization (NBDO) unit is expected to bring in total revenues of $2 billion by 2018. This new group will focus on emerging energy-saving markets like LED and solar. More info at DigiTimes.
Morris Chang, chairman and CEO of the world's top pure-play foundry, said that the new division will initially evaluate TSMC's potential role in the solar and LED markets. TSMC does not rule out possibilities of investing in solar cell makers, or spinning off the new business unit into an independent company in the future, according to Chang.
Developing new businesses targeting energy-saving applications is crucial to TSMC's long-term growth, as the maturing semiconductor industry worldwide now requires a new engine of growth, said Chang. TSMC has not drafted a concrete plan for the new business, but is heading in the right direction, Chang added.