No signs of Covid-19 in massive March sales at Taiwan's foundries

April 13, 2020 //By Peter Clarke
No signs of Covid in massive March sales at Taiwan's foundries
There were no signs of inhibitory economic effects from Covid-19 in the March sales figures of either TSMC or UMC and both companies exceeded their respective first quarter guidances to achieve record sales.

The foundries performed even better than they had in February (see Despite Covid-19, foundries' business boomed in February ).

TSMC's sales revenue in March was up by 42 percent compared with a year before while revenue at smaller competitor United Microelectronics Corp. was up 41 percent.

It would seem that semiconductors have remained fairly immune to any immediate downturn in activity but a fall in global GDP from closed factories and furloughed workers around the world will have an impact later in the year.

TSMC's net revenues for March 2020 were approximately NT$113.52 billion (about US$3.77 billion), an increase of 21.5 percent from February 2020 and an increase of 42.4 percent from March 2019. Revenue for January through March 2020 totaled NT$310.60 billion (about US$10.32 billion), an increase of 42.0 percent compared to the same period in 2019.

At UMC sales in March 2020 were NT$14.57billion (about US$484.4 million) up 41.1 percent compared with a year before. For the year-to-date UMC has recorded sales of NT$42.27 billion (about $1.4 billion). This is up 30 percent on the weak beginning to 2019.

Related links and articles:

News articles:

Despite Covid-19, foundries' business boomed in February

Did chip production leadership boost TSMC's January sales?

Foundry sales to grow 17% in 2020, says TSMC

Samsung wins (some) 5nm business from Qualcomm

Huawei stockpiling chips, expecting tighter US sanctions

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