Taiwan foundries’ sales declines continue
Leading foundries TSMC and UMC both provided sales figures for August that were down considerably on the same month in 2022, continuing a trend that has lasted through most of 2023.
TSMC’s August sales were 13.5 percent on August 2023 while UMC’s were down by 25.2 percent.
In TSMC’s case the sales decline looks to be associated with the delayed pick up of its 3nm manufacturing process by the mobile phone sector due to global economic conditions.
There are some signs of the usual seasonal pick up in 3Q23 for TSMC but lower than in previous years. It would appear that TSMC is on course for a single-digit percentage sales decline in 2023. UMC’s sales are already at a 20 percent decline for the year-to-date.
TSMC (Hsinchu, Taiwan) announced sales of NT$188 billion (about US5.87 billion) for June. This was a 6.2 percent sequential rise. Revenue for January through August 2023 totalled NT$1.355 trillion (about US$42.17 billion), a decline of 5.2 percent compared to the first eight months of 2022.
UMC’s August sales were NT$18.95 billion (about US$590 million). UMC’s year-to-date sales were about NT$148.5 billion (about US$4.62 billion). This figure is down 20.0 percent on the first eight months of 2022.
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