TSMC sees Q3 demand as it solidifies roadmap

- As it solidifies its process roadmap, Taiwan Semiconductor Manufacturing Co. Ltd. (TSMC) continues to see a surge in business.

After a slump in the first quarter, TSMC (Hsinchu, Taiwan) rebounded and recently posted strong results in the second quarter. The company also raised its capital spending to $2.3 billion for 2009. Its capital spending budget is projected to exceed $2 billion in 2010, according to analysts.

And in the meantime, the foundry giant is seeing better-than-expected sales demand in the third quarter of 2009, according to an analyst. ''Checks with TSMC lead us to believe 3Q guidance of plus 20 percent could move to around 25 percent with computing/graphics leading, followed by communications and then consumer,'' said C.J. Muse, an analyst with Barclays Capital, in a new report based on company visits in Taiwan this week.

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