Revenues were approximately NT$72.80 billion (about $2.44 billion), a decrease of 1.1 percent from April 2018 and an increase of 11.2 percent from April 2017. Revenues for January through May 2018 totalled NT$410,917 billion (about $13.77 billion), an increase of 13.0 percent compared to the first five months in 2017.
TSMC is getting close to the forecast of now-retired chairman Morris Chang who predicted at the beginning of the yer that TSMC sales would be up slightly more than 15 percent year-on-year in the first half of 2018 and would be up slightly less than 10 percent year-on-year in the second half of the year (see Morris Chang gives TSMC's outlook for 2018, says goodbye ).
At the time of Chang's retirement, the company departed from the twin-CEO structure it had adopted and appointed Mark Liu as chairman and C.C. Wei as CEO and vice chairman.
Foundry United Microelectronics Corp. (Hsinchu, Taiwan) also enjoyed growth in May but at more modest levels. May sales revenue was NT$13.075 billion (about $438 million), up 4.5 percent from May 2017. UMC's year-to-date sales stand at NT$62.985 billion (about $2.11 billion), up 1.8 percent on the first five months of 2017.
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