TSMC Yields Recovery!
August 3, 2009
As mentioned in previous blogs, TSMC is my bellwether for the coming economic recovery. Semiconductors are where electronics begin and the sales growth of electronic devices is where the recovery begins. Reporting for the second quarter, TSMC beat upwardly revised expectations with revenue of NT$74.21 billion. More importantly forecasted third quarter revenues are 88 billion to 90 billion in New Taiwan dollars, so we are close to 07 and 08 quarter over quarter revenue levels.
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