TSMC's sales show modest growth in January

February 12, 2018 //By Peter Clarke
TSMC's sales show modest growth in January
Leading foundry Taiwan Semiconductor Manufacturing Co. Ltd. (Hsinchu, Taiwan) has announced sales revenues for January 2018 of NT$79.74 billion (about $2.72 billion), up 4.1 percent from January 2017.

However, this year-on-year growth is modest compared with the longer-term growth recently forecast by TSMC chairman Morris Chang. Last month Chang said TSMC would see revenues up year-on-year by slightly more than 15 percent in the first half of 2018 and up by slightly less than 10 percent year-on-year in the second half of 2018.

January sales at foundry United Microelectronics Corp. were also up 4.1 percent year on the same month a year before. UMC recorded dales of NT$13.18 billion (about $450 million).

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