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TSMC doing rather well

by on31 July 2009

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Outlook is fine

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chipmaker TSMC is seeing its shares shoot up after it posted better-than-expected second-quarter earnings and third-quarter outlook.

Shares have gone up by four per cent as analysts started saying that they are suddenly a good deal. Deutsche Bank expects TSMC to ship more graphics chips using new 40 nanometre technology to Nvidia and AMD in the third quarter. It has also ruled out recent market fears that TSMC might delay its migration to the advanced process technology.

TSMC has been driving process technology to advanced 65-, 45- and 40-nanometre technology as next-generation electronic devices including mobile phones and game consoles require more powerful processors. An outfit that size doing well is probably a sign that the recession is starting to leave the technology industry.

Soon such companies should be buying more advertisments in aggressive online technology daily newspapers as proof that their futures are assured.
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