TAIPEI — Shortly following news on TSMC's future plans, the Taiwanese foundry giant announced that its revenues for April were down 21 percent month-on-month, yet 44 percent up year-on-year. As EE Times has reported on several occasions, 2018 looks set to surpass a record 2017, as echoed in TSMC's results so far this year, with the chip colossus posting revenues 13.5 percent higher than those of the first four months of 2017.

TSMC Financial result revenue in TWD year to date 2018

TSMC's revenue report April. Source: TSMC

With the foundry industry previously forecast to grow 9 to 10 percent in 2018, soon-to-retire TSMC head Morris Chang was earlier in the year projecting stronger growth for TSMC than for its competitors, expecting results for the first half of 2018 to see approximately 15 percent growth from 2017 levels.

— Jonas Klar is an editor for EE Times Asia