Taiwan Semiconductor Manufacturing Company (TSMC) has announced consolidated revenues for May 2011 of NT$36.71 billion (US$1.28 billion), up 5.4% on year.

TSMC's consolidated sales for April and May totaled NT$73.84 billion. It has estimated second-quarter sales at NT$109-111 billion, up 3-5% sequentially.

TSMC accumulated NT$179.21 billion in consolidated revenues from January through May, showing a 11.4% increase compared to the same period of 2010.

TSMC recently reiterated that consolidated revenues would grow by 20% in 2011. It registered NT$419.54 billion in consolidated sales last year, up 41.9% from 2009 levels.