TSMC still outpacing industry: Chang

ROBUST GROWTH:TSMC’s chairman expects the company’s revenue to continue growing by 5 to 10% annually, as the semiconductor industry continues to advance

Taipei Times
Date: Jun 09, 2017
By: Lisa Wang / Staff reporter, in Hsinchu

Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), the world’s largest IC

Taiwan Semiconductor Manufacturing Co chairman Morris Chang presides over the annual shareholders’ meeting yesterday in Hsinchu. Photo: CNA

foundry service provider, yesterday dismissed concerns that its business might have entered a mature phase, saying it is on track to attain its five-year goal of increasing revenue by 5 to 10 percent annually through 2020.

Since the goal was set two years ago, TSMC has seen its revenue climb 12.4 percent year-on-year to NT$947.94 billion (US$31.49 billion) last year, driven primarily by smartphone chip demand.

“I think that is still our growth target,” TSMC chairman Morris Chang (張忠謀) told shareholders during an annual meeting in Hsinchu.

With such robust growth prospects, “I do not think TSMC is mature. We have not entered that phase yet,” Chang said in response to a shareholder’s question.

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