TSMC foundry business booms

TSMC, the world’s biggest foundry for hire, has seen its sales surge 18.9 percent in March from a year earlier

Reuters reports that TSMC CEO Morris Chang recently announced that his outfit will post double digit growth figures, but few were expecting such a good result. Chang is upbeat when it comes to the rest of the year, too.

“Last year was not a very good one,” said Chang. “This year we think will be better.”

Although Chang thinks 2012 was not a great year, TSMC still managed to increase its revenue by 19 percent last year. Fourth quarter profit jumped 32 percent and the first quarter of 2013 is looking even better.

TSMC has the mobile craze to thank for its stellar results. It manufactures mobile chips designed by Qualcomm, Broadcom and Nvidia. If rumour mongers are to be believed, TSMC has also landed a massive contract from a certain fruity gadget maker based in Cupertino.