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Rick Tsai, chief executive at TSMC said the chip industry has slowed down and the company is looking for opportunities for growth, according to the Financial Times.
The company, which produces 10% of the world's computer chips, barely broke even in the first quarter of the year but, like Intel, believes the worst of the economic downturn is past.
Both chipmakers expect increased demand in the second half of the year.
Tsai said company president Chao Ying-cheng has been appointed to head the green energy division, but the strategy is long-term and nothing has been finalised.