Taiwan Semiconductor Manufacturing Company is benefiting from the upswing in the chip industry with sales up 67.2% in December to TWD 18.9bn ($562m). This brings sales for the fourth quarter above the company’s original forecasts, and 5.3% up on the previous three months.
A slowdown in November sales raised doubts about the strength of the recovery, but the Taiwanese foundry giant ended the year with sales up 25.4% at TWD 201.9bn ($5.98bn).
The figures are in line with statistics from the Semiconductor Industry Association, which said that worldwide figures in November were 25.7% higher, and indications were that 2003’s second-half performance would be one of the industry’s best ever.
This article is based on material originally produced by ComputerWire.