TSMC Expects to Outperform Chip Market

TSMC’s Co-CEO, Mark Liu, has said that he expects the company to post a 5%-10% YoY revenue increase in 2016, compared to 2% growth in the semiconductor market. Smartphones will continue to provide growth momentum for the firm, which has predicted 8% shipment growth for the category overall. Global shipments of PCs, tablets and CE devices will fall 3%, 7% and 5%, respectively.

CFO Lora Ho has said that TSMC’s capex wwill reach $9-$10 billion, compared to $8 billion in 2015. Capex will mainly be used to develop the foundry’s 10nm and more advanced process technologies, as well as back-end services and the construction of a new plant in Nanjing, China.