Flourishing Foundry
August 8, 2016
The SOX is up, the IC sales/orders ratio is trending positive, VLSI Research estimates 4% Q3 growth and now bellwether TSMC is hiking capex from $9/10 billion to $9.5/10.5 billion.
What’s more, TSMC says it will maintain its annual capex at over $10 billion for the next three to five years.
TSMC CFO Lora Ho points to: “demand increases in mid- and low-end smartphone segments and customer inventory restocking. We expect our business in the third quarter will benefit from new product launches by major mobile device customers as well as continued inventory restocking by our customers.” TSMC is expecting a 15% rise in revenues in Q3 compared to Q2.
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