Posted on Friday, January 28 2011 @ 22:32 CET by Thomas De Maesschalck
TSMC chairman and CEO Morris Chang is more upbeat on sales, he expects consolidated revenues will climb over 20 percent this year, versus previous expectations of a 15 percent rise.
TSMC has raised its forecast for chip market growth for 2011 to 7%, from the 5% originally anticipated, according to Chang. Chang also provided the company's estimates for worldwide PC, handset and consumer electronics shipments, which will see growth of 12%, 9% and 6%, respectively, in 2011.
Chang pointed out that the market for tablet PCs will expand significantly in 2011, and TSMC will benefit from the rising demand. A slew of tablet devices will hit the market starting the second half of 2011, implying that the share of the non-iPad tablet pie is set to expand, Chang said. Citing Microsoft's recent announcement that the new version of Windows will support ARM-based designs, Chang noted that orders for TSMC's clients, which mainly use ARM architecture designs, may surge.
Source: DigiTimes
