Taiwan Semiconductor Manufacturing (TSMC) has forecast that the sector will achieve a sales increase of 30 per cent this year, thanks to the popularity of computers and mobile phones among consumers.
In April, its chairman and chief executive Morris Chang had predicted they would rise by just 22 per cent in 2010, but he stated that the global chip-making industry would outpace semiconductor production in the coming months, the Taipei Times reports.
Furthermore, a company spokesperson told a shareholders meeting that Mr Chang expects revenue to rise between four per cent and seven per cent in 2016.
TSMC revealed that business operations in China were performing well, with an annual growth rate of 63 per cent since the opening of its factory in Shanghai, the publication continued.
Another semiconductor producer and consumer brand Samsung, which recently announced its intention to move into green energy solutions, saw its shares rise 2.6 per cent on the South Korean stock exchange yesterday (June 16th), the Financial Times reported.