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.
