Taiwan Semiconductor Manufacturing Company's (TSMC) target of 20% growth in 2011 consolidated revenues remains unchanged, according to company chairman and CEO Morris Chang.
Chang also reiterated that revenues for the global semiconductor industry are set to increase 5% this year, while the dedicated foundry business will see a larger 12% increase.
Chang said he expects smartphones and tablet PCs to spur demand for semiconductors in 2011, and TSMC will definitely be a beneficiary of the trend.
In addition, Chang revealed that the revenue share of TSMC's 45nm and below processes will continue growing in the second half of 2011. With its lead in technology and advanced process capacity, Chang believes TSMC will see its global foundry market share expand in 2011.
Chang made the remarks at TSMC's annual general shareholders meeting on June 9.
TSMC's shareholders approved a cash dividend per share of NT$3 for 2011, and the transfer of the company's solar business and solid state lighting business into two new TSMC wholly-owned companies.
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