Taiwan Semiconductor Manufacturing Company (TSMC) has posted consolidated revenues of NT$ 35.37 billion (US$1.23 billion) for January 2011, up 1.4% on month and 17.4% on year.

TSMC has estimated consolidated revenues for the first quarter at NT$105-107 billion, down 3-5% sequentially but up from the NT$92.19 billion posted in the same quarter of 2010. Demand from communication-related applications will be stronger than that from other sectors in the first quarter, TSMC said.

TSMC's consolidated revenues for 2010 hit an all-time high of NT$419.54 billion. The company aims for over 20% sales growth in 2011.

By: DocMemory
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