26 Oct '12, 6am

TSMC to post growth over next 4 years, says CEO

TSMC to post growth over next 4 years, says CEO

TSMC to post growth over next 4 years, says CEO Josephine Lien, Taipei; Jessie Shen, DIGITIMES [Friday 26 October 2012] TSMC expects to post growth, or even strong growth, from 2013 to 2016, as the foundry's technological leadership will allow it to attract more orders for chips used in smartphones and tablets, said company chairman and CEO Morris Chang at an October 25 investors meeting. "We believe that the strategy we adopted a few years ago of vastly expanding our R&D and our capital investment is beginning to pay off," Chang indicated. TSMC's capex for 2012 is estimated at about US$8.3 billion, hitting a record high for the third straight year. Chang disclosed that 28nm will account for more than 20% of TSMC's revenues in the fourth quarter of 2012. The anticipated proportion shows substantial improvement compared to only 5% in the first quarter of the year. Chang als...

Full article: http://www.digitimes.com/news/a20121026PD212.html

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