As a supplier to Qualcomm, Broadcom Corp. (BRCM), Nvidia Corp. (NVDA) and other companies that no longer operate their own factories, TSMC wants to keep the flexibility to switch its production between customers and products. TSMC Chairman Morris Chang told investors last month that he was willing to devote one or even two factories to a single customer.Source: Bloomberg
"Currently we believe we still can fund it," Chief Financial Officer Lora Ho said in an interview on July 19.
TSMC wants to retain control of its plants, doesn't want to sell part of itself and doesn't need cash for investments, Ho said in the interview.
TSMC declined Apple and Qualcomm exclusive access to production
Posted on Wednesday, August 29 2012 @ 22:59 CEST by Thomas De Maesschalck