TSMC, Taiwan's premier foundry for hire, says it has seen its biggest monthly sales in eight months, and that it has surpassed its own Q2 forecast.

Sales in the second quarter jumped 88 percent sequentially, and beat the company's own forecast made in April. Analysts are now expecting TSMC to do even better, as it offers more advanced manufacturing processes to its clients.

In June, TSMC recorded unconsolidated sales of $781 million, a 5 percent increase over May sales, but sales were still 9.6 percent lower year-on-year.

Analsysts are confident about TSMCs 40nm process, and are dismissing recent fears that TSMC might delay the migration to the new process.

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