It's not a V bottom, it's not a U bottom, it's a Nike swoosh recovery - Greg McLenon, Hotovec Pomeranz
CHIP FOUNDRY TSMC has reported a 24 percent increase in sales, according to its final monthly sales report of the year.
TSMC, which fabs chips for just about every major chip designer including AMD, Nvidia and Qualcomm, was initially unable to meet demand for its 28nm process node. Now the firm's latest sales figures for the month of November show the firm is on course to report close to a 20 percent increase in sales during 2012 from a year earlier.
TSMC's monthly sales figures for November, the last that will be reported this year, show that the firm had revenues of $1.5bn, a 24 percent increase from November 2011. So far in 2012 TSMC's revenues totaled $15.9bn, a 19.5 percent increase from 2011.
Demand for TSMC's leading edge 28nm process node has been so high that the firm is not been able to meet demand for the best part of 2012 and is busy building new fabrication plants. The company reportedly was offered $1bn from both Apple and Qualcomm to set aside parts of its plants for their chips, offers that TSMC refused.
TSMC previously said that it expects to meet demand for its 28nm process node in 2013 and will finally be able to please Qualcomm, which blamed TSMC for its chip shortage. Given that TSMC's revenues have been held down by lack of production capacity in 2012, the firm could have a very good 2013. µ
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