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.
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