Taiwan Semiconductor Manufacturing Company (TSMC) has managed to regain more orders recently, aiming at sustaining a positive on-quarter growth in revenues for the third quarter, according to industry sources.
Foreign investors have recently reduced their share holdings in TSMC, expecting the foundry house to post negative growth in third-quarter revenues as its chipset clients have recently reduced some of their wafer starts due to inventory adjustments, the sources noted.
Recent financial results released by international chipset players also indicated that Nvidia, AMD, Broadcom and Qualcomm are all positive about their business outlook for the second half of 2011 after posting strong gains in the second quarter, said the sources, noting that TSMC's business is expected to move upward with those chipset players.
A positive on-quarter growth in the third quarter will also help TSMC to sustain its goal of achieving a 20% growth in revenues set for 2011, commented the sources.
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