Chip foundry TSMC (TSM) expects its Q3 sales to be better than expected due to August "rush...

|By:, SA News Editor

Chip foundry TSMC (TSM) expects its Q3 sales to be better than expected due to August "rush orders" from customers. TSMC, which counts QCOM, NVDA, XLNX, and BRCM among its largest customers, had previously forecast a 6-8% Q/Q sales decline in Q3, and simultaneously cut its capex forecast for 2011. (last week)