However, with a number of high-end smartphone launches expected this month the final third could yet save the day, depending on how those products are received in what is now a highly competitive and possibly saturated market. TSMC is chip supplier to major phone suppliers such as Apple and Huawei.
Revenues for August 2018 were approximately NT$91.05 billion (about US$2.95 billion), an increase of 22.4 percent from July 2018 and a decrease of 0.9 percent from August 2017. Revenues for the first two-thirds of the year totalled NT$646.78 billion (about US$20.98 billion), an increase of 5.8 percent compared to the same period in 2017.
The overall performance is below that forecast by Morris Chang towards the end of his chairmanship of the company (see Morris Chang gives TSMC's outlook for 2018, says goodbye ). It is also considerably behind the memory sector which has continued to enjoy strong average selling prices and market figures in 2018.
Foundry United Microelectronics Corp. (Hsinchu, Taiwan) performed slightly better than its rival in August with sales up year-on-year by 1.0 percent to NT$13.18 billion (about $427.5 million). UMC's year-to-date sales stood at NT$103.88 billion (about US$3.37 billion), up 3.1 percent on the same period in 2017.
Related links and articles: