Investors have said they are still concerned about whether spending for electronics will recover later this year. TSMC also faces increased competition.
Nvidia Corp, the world's biggest maker of graphics chips, last year accounted for about a fifth of the company's sales. In March this year, TSMC lost its role as Nvidia's sole supplier when it signed a contract with International Business Machines Corp.
Rising investor confidence in computer-related companies may improve the fundraising climate for companiess such as Singapore-based Chartered Semiconductor Manufacturing Co (特許), which has been unprofitable for nine straight quarters.
"If you're looking at better times ahead, you're more willing to absorb fund-raising," said Lim Chung Chun, a fund manager with Accretion Asset Management, which holds shares of TSMC.
Chartered Semiconductor has tapped investors four times since 1999. It said in March that it will need to raise more money to complete plans for purchasing manufacturing equipment and research and development for next year.
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