TSMC Chairman Expects 2012 Revenue To Grow More Than 6%-7%

Date : 12/02/2011 @ 2:24AM
Source : Dow Jones News
Stock : Taiwan Semiconductor Manufacturing Company Ltd. (TSM)
Quote : 32.7  0.62 (1.93%) @ 4:01PM

TSMC Chairman Expects 2012 Revenue To Grow More Than 6%-7%

Taiwan Semicond (NYSE:TSM)
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Made-to-order chip maker Taiwan Semiconductor Manufacturing Co. (TSM) expects its revenue growth for next year to beat the estimated 6%-7% growth for the global non-memory semiconductor industry, Chairman Morris Chang said Friday.

Chang said that while the global economy would likely grow "very slowly" in 2012, revenue in the semiconductor sector has always outpaced the expansion of the world economy. He didn't elaborate.

TSMC, considered a technology bellwether for its diversified client base that includes Qualcomm Inc. and Nvidia Corp., has reduced its capital spending budget twice this year because of deteriorating market conditions.

-By Lorraine Luk, Dow Jones Newswires; 8862-25022557; lorraine.luk@dowjones.com




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