TSMC, the world’s biggest foundry for hire, has seen its sales surge 18.9 percent in March from a year earlier
Reuters reports that TSMC CEO Morris Chang recently announced that his outfit will post double digit growth figures, but few were expecting such a good result. Chang is upbeat when it comes to the rest of the year, too.
“Last year was not a very good one,” said Chang. “This year we think will be better.”
Although Chang thinks 2012 was not a great year, TSMC still managed to increase its revenue by 19 percent last year. Fourth quarter profit jumped 32 percent and the first quarter of 2013 is looking even better.