TSMC July sales down 3.6%, UMC's up 7.4% m-o-m
CNATAIPEI--Taiwan Semiconductor Manufacturing Co. (TSMC), the world's largest contract chip-maker, said Friday that its consolidated sales for July fell from June, with market analysts attributing the decline to inventory adjustments by one of its major clients — U.S.-based Qualcomm Inc.
August 11, 2013, 12:02 am TWN
However, rival United Microelectronics Corp. (UMC) said its July consolidated sales grew to the highest level so far this year, while analysts said demand from Taiwan's MediaTek Inc., one of UMC's major buyers, remained solid.
They said the mixed sales reports released by the top two foundry operators in Taiwan largely reflected the difference in their client portfolios.
In July, TSMC's consolidated sales totaled NT$52.10 billion, down 3.6 percent from a month earlier, but up 7.3 percent from a year ago.
The July sales decline broke a four-month gaining streak for TSMC. The chip-maker's June sales of NT$54.03 billion even hit a monthly record high for the third consecutive month.
In the first seven months of this year, TSMC posted NT$340.75 billion in consolidated sales, up 20.7 percent from a year earlier.
In an investor conference held in mid-July, TSMC said its consolidated sales for the third quarter were expected to range between NT$161 billion and NT$164 billion, up 3.28-5.2 percent from the second quarter.
Analysts said that based on the estimate, TSMC's sales are likely to pick up in August and September.
For its part, UMC posted NT$11.56 billion in consolidated sales in July, up 7.4 percent from June and also up 11.59 percent from a year earlier.
In the seven months to July, UMC's consolidated sales totaled NT$71.24 billion, up 6.33 percent from the same period of the previous year.
On Wednesday, UMC said during an investor conference that its shipments for the third quarter will rise 3-4 percent from the second quarter, while the chipmaker said some of its clients are cutting back on orders for the fourth quarter delivery because of the slow season effect.