Foundry chipmaker Taiwan Semiconductor Manufacturing Company (TSMC) has reported a sequential 12.6% growth in consolidated revenues for October 2011.
TSMC brought in NT$37.61 billion (US$1.24 billion) in October sales, up from NT$33.41 billion in September but down 2.1% from a year ago. TSMC's year-to-date sales were NT$359.98 billion, rising 3.5% from 2010.
TSMC reportedly has seen over 20% growth in orders for the fourth quarter from Qualcomm, MediaTek, Nvidia and Spreadtrum Communications. In particular, orders placed by Qualcomm were more than 40% higher than the third quarter's level.
TSMC previously guided consolidated sales for the fourth quarter would slip to NT$103-105 billion, down slightly from NT$106.48 billion in the third quarter.
