TSMC sees sales head up -

Taiwan Semiconductor Manufacturing (TSMC) is the latest company to join the choir singing "Ode to Joy". The world's largest foundry said its net consolidated sales hit approximately NT$ 30.13 billion in February, 147.5% more than in February last year. Sequential growth (i.e. compared to January 2010), however, was flat.

Total revenues for the first two months were NT$60.27 billion, 138.2% more than in the same period of 2009.

TSMC's miniature rival UMC yesterday reported revenue of NT$17.24 billion for both January and February, compared to a rather pale NT$6.29 billion one year ago.

Chip maker Texas Instruments is also set to profit from a global rebound. The company had to warn shareholders its sales will be higher than previously expected, namely $3.07 billion to $3.19 billion, not $2.95 billion to $3.19 billion.