April 9 (Bloomberg) -- Taiwan Semiconductor Manufacturing Co., the world’s largest contract producer of chips, projects that sales will rise at a percentage in the teens this year, Chief Executive Officer Morris Chang said.
Revenue at so-called fabless chipmakers, or chip-design companies that hire TSMC and its rivals to manufacture their products, will expand about 9 percent, while the semiconductor market as a whole will grow at about 4 percent, Chang said at an event today in San Jose, California.
“Last year was not a very good one,” said Chang, referring to industrywide sales, which he said shrank 2 percent to 3 percent in 2012. “This year we think will be better.”
TSMC’s revenue increased 19 percent in 2012. The Hsinchu, Taiwan-based company is outperforming the majority of the chip industry as its plants churn out semiconductors for companies such as Qualcomm Inc. and Broadcom Corp., which supply the key components of smartphones and tablets.
In January, TSMC said first-quarter revenue would be NT$127 billion ($4.23 billion) to NT$129 billion. That compares with the NT$124 billion average analyst estimate compiled by Bloomberg at the time.
TSMC’s fourth-quarter profit jumped 32 percent as demand for mobile devices from Apple Inc. and Samsung Electronics Co. spurred semiconductor sales.
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