By Clare Jim and Michael Gold TAIPEI (Reuters) – Taiwan Semiconductor Manufacturing Co Ltd painted a bright outlook for its 2014 business, driven by mobile devices and improved margins from its more advanced chips. Embroiled in a race against Intel Corp, which plans to expand its contract manufacturing business, TSMC expects sales with double-digit growth and profit for 2014. Mark Liu, one of the newly appointed co-chief executives, rebuffed Intels assertion that the U.S. companys latest process technology was more advanced. Liu told an investor conference that what Intel has showed its investors was erroneous and based on outdated data.
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