TSMC achieved massive sales turnaround in June

July 11, 2019 //By Peter Clarke
TSMC achieved massive sales turnaround in June
Leading foundry TSMC (Hsinchu, Taiwan) returned to year-on-year growth in June with sales that were up 21.9 percent on what they were in June 2018. For the same month UMC has provided a sharp contrast.

TSMC's turnaround comes after five months of annual sales contraction and compares with May figures that were down 0.7 percent on a year before and April figures 8.8 percent down on a year before.

June sales at TSMC were NT$85.87 billion (about $2.77 billion), up 21.9 percent from the same month a year before and up 6.8 percent from May. TSMC's revenue for first half of the year was NT$459.70 billion (about $14.51 billion) down 4.5 percent on the first half of 2018.

TSMC provided no comment on what was responsible for the turnaround. An improvement in sales May to June in 2019 coincided with a steep drop in sales across the same months in 2018.

By contrast June sales at foundry United Microelectronics Corp. were down both sequentially and year-on-year. June sales at UMC were NT$11.71 billion (about US$380 million) down by 12.4 percent on an annual basis. UMC's revenues for the first six months of 2019 totalled NT$68.61 (about US$2.21 billion), down 10.1 percent compared with the same period in 2018.

Whereas TSMC is demonstrating the end of a year of slower sales; for UMC the difficult market continues.

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Foundries open 2019 on down note

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