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June 27, 2017

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TSMC breaks record with July revenue of nearly NT$65 billion

TAIPEI, Taiwan -- Taiwan Semiconductor Manufacturing Co.'s (TSMC, 台積電) consolidated revenue reached NT$64.925 billion in July, hitting a new single-month record.

The previous record was made in April, when TSMC's revenues reached NT$61.887 billion. The sales figures of the world's largest contract chip-maker in July represented a 7.6-percent growth month-on-month, and 24.6-percent growth year-on-year.

Looking into the future, TSMC's revenue and profits may again hit new records, thanks to the LTE market's increasing demand for the utilization of 28-nanometer and 20-nanometer processes, said TSMC Chairman Morris Chang (張忠謀) in July's investors meeting.

The company's third-quarter consolidated revenues will reach between NT$206 billion and NT$209 billion, growing at about 13 percent from the second quarter, according to TSMC's forecast.

TSMC's 20-nanometer process utilization is expected to reach 10 percent in the third quarter, and exceed 20 percent in the fourth quarter, institutional investors predicted, adding that TSMC's revenues will hit new records in August and September.

TSMC's consolidated revenues during the first seven months of 2014 totaled NT$396.16 billion, growing 16.3 percent compared with the same period last year.

Other Semiconductor Firms' Performance

Vanguard International Semiconductor Corp. (VISC, 世界先進), a specialized IC foundry service provider and a subcontractor for TSMC, also had a solid performance in July.

Thanks to a strong demand for power management ICs, the company's revenue hit NT$2.07 billion, which was a new single-month record. VISC's consolidated revenues for the first seven months of the year reached NT$13.39 billion, representing an 11-percent growth.

United Microelectronics Corporation (UMC, 聯電), another major semiconductor firm in Taiwan, fared poorly in July. As the company's solar business underperformed, UMC's consolidated revenue in July dropped to NT$11.541 billion, which was the lowest figure in three months.

UMC's solar venture dropped NT$414 million, which was a 58.63-percent decline. The July sales figure was a 7-percent decline month-on-month and 0.14-percent decline year-on-year. The company's consolidated revenues totaled NT$79.105 billion in the first seven months of the year, growing 11 percent year-on-year.

UMC focuses on the merchant foundry business, manufacturing integrated circuit wafers for fabless semiconductor companies. In this role, UMC is second only to competitor TSMC.

UMC forecast that its wafer production will use up between 91 to 93 percent of total capacity, resulting in growth of between 1 and 3 percent in wafer shipments in the third quarter.

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