Taiwan Semiconductor Manufacturing Chairman and CEO Morris Chang predicted the foundry will increase its annual revenue 15% to 20% this year. In 2012, TSMC's revenue rose 19% from 2011. Ricky Liu of KGI Securities forecast TSMC will increase second-quarter revenue 6% to 8%. "Inventory correction in the first quarter was not as serious as the market expected, so restocking in the second quarter will not be as strong," Liu said.
Published in Brief: