TSMC’s June sales disappoint
Revenues for June 2018 were approximately NT$70.44 billion (about $2.32 billion), a decrease of 13.0 percent from May 2018 and a decrease of 16.3 percent from June 2017. Revenues for January through June 2018 totaled NT$481.36 billion (about $15.8 billion), an increase of 7.5 percent compared to the same period in 2017.
Second quarter revenues were about NT$233 where they had been forecast to be $7.8 billion to $7.9 billion or NT$237 billion to NT$240 billion. And at the beginning of the year Morris Chang had forecast that in 1H18 TSMC sales would be up slightly more than 15 percent year-on-year while in 2H18 sales growth will moderate to slightly less than 10 percent year-on-year (see Morris Chang gives TSMC’s outlook for 2018, says goodbye ).
Foundry United Microelectronics Corp. (Hsinchu, Taiwan) enjoyed growth in May but at modest levels. June sales revenue was NT$13.364 billion (about $439 million), up 2.0 percent from June 2017. UMC’s year-to-date sales stand at NT$76,349 billion (about $2.51 billion), up 1.9 percent on the first half months of 2017.
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