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.