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Wednesday, 10 June 2009 13:05

TSMC sees production pick up in May

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The worst is over, says Chairman Chang


TSMC says its May sales were the highest in seven months, thanks to a jump in demand for computers and consumer electronics.

Although chips shipments in May were still lower year-on-year, TSMC is confident things are starting to pick up, and it will probably meet its Q2 sales target.

"The worst for the semiconductor market has gone," said TSMC Chairman Morris Chang. "The second quarter is much better than the first quarter."

In Q1, TSMC reported sales of NT$39.5 billion, and Chang expects Q2 sales to nearly double, to NT$71 billion and NT$74. Chang's biggest concern is the strong Taiwanese dollar, which is hurting exports.

More here.

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