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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:

www.tsmc.com

www.umc.com

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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