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TSMC Chairman Expects 2012 Revenue To Grow More Than 6%-7%

HSINCHU, Taiwan -(Dow Jones)- Made-to-order chip maker Taiwan Semiconductor Manufacturing Co. (TSM) expects its revenue growth for next year to beat the estimated 6%-7% growth for the global non-memory semiconductor industry, Chairman Morris Chang said Friday. Chang said that while the global economy would likely grow "very slowly" in 2012, revenue in the semiconductor sector has always outpaced the expansion of the world economy. He didn't elaborate. TSMC, considered a technology bellwether for its diversified client base that includes Qualcomm Inc. and Nvidia Corp., has reduced its capital spending budget twice this year because of deteriorating market conditions. -By Lorraine Luk, Dow Jones Newswires; 8862-25022557; lorraine.luk@dowjones.com

Stock News for Taiwan Semicond (TSM)
DateTimeHeadline
08/25/201506:13:52Report of Foreign Issuer (6-k)
08/25/201506:09:25Report of Foreign Issuer (6-k)
08/14/201506:09:25Report of Foreign Issuer (6-k)
08/11/201507:35:54Report of Foreign Issuer (6-k)
08/10/201508:20:02Report of Foreign Issuer (6-k)
08/03/201509:00:00Semiconductor - Integrated Circuits Equities Technical Coverage...
07/27/201507:39:02Report of Foreign Issuer (6-k)
07/17/201513:05:02Intel Corp. Finally Comes Clean on 10-Nanometer Manufacturing...
07/17/201506:27:32Report of Foreign Issuer (6-k)
07/16/201518:01:37ADRs End Higher; National Bank of Greece Declines
07/16/201512:10:09Taiwan Semiconductor Manufacturing Earnings Growth Slows
07/16/201507:37:54Report of Foreign Issuer (6-k)
07/13/201512:00:06Should Intel Corp. Investors Worry About IBM’s Big Announcement?
07/10/201508:14:27Report of Foreign Issuer (6-k)
06/25/201506:18:51Report of Foreign Issuer (6-k)
06/23/201510:44:44Intel Corporation Details 14-Nanometer System-on-Chip Process...
06/22/201513:00:06How Can TSMC Overcome a Smartphone Slowdown?
06/17/201512:45:03What Happens to Old Intel Corporation Manufacturing Technologies?
06/10/201513:00:03The Truth Comes Out: Intel Corporation's 10-Nanometer Node Is...
06/10/201508:46:23Report of Foreign Issuer (6-k)

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