Taiwan Semiconductor Manufacturing (TSMC) chairman Morris Chang said that the international electronics market had enjoyed higher demand than expected for this time of year.
Last month, Mr Chang reaffirmed his confidence that TSMC's semiconductor operations would grow by 22 per cent in 2010 and he has followed that by predicting its contract chip making business will expand by 36 per cent during this year.
Such is the demand facing the company that it has speeded up construction of a new plant in order to increase capacity at its production facilities.
Mr Chang said that he expected sales to grow by 8.5 to 10.6 per cent in the second quarter, with company turnover exceeding NT$100 billion (£2.1 billion) for the first time in the firm's history.
He also expected semiconductor sales to grow in the first half on the year but added that they may slow down in the second half of 2010.
TSMC is the world's largest contract chipmaker and employs more than 20,000 staff across the globe.
