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TSMC’s November sales show return to downward trend

TSMC’s November sales show return to downward trend

Business news |
By Peter Clarke

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Leading foundry TSMC (Hsinchu, Taiwan) has reported November sales that were decline on both a monthly and annual basis.

This represented a return to a negative trend after a massive jump in sales revenue in October, which now appears to have been an aberration caused by specific customer demand.

In November TSMC’s sales were down 15.3 percent compared with the previous month and down 7.5 percent compared with November 2022. This was after TSMC’s sales had leapt up 34.8 percent on a monthly basis in October.

As is usual TSMC provided no commentary alongside its monthly sales figures.

TSMC’s November sales were NT$206.0 billion (about US$6.55 billion) down about US$1 billion compared with October’s NT$243.2 billion. The year-to-date sales were NT$1,985.4 billion (about US$63.13 billion), down 4.1 percent compared with the first 11 months of 2022.

Despite the downward trending November, with only one month left in 2023, TSMC looks set to outperform its prediction of a 10 percent contraction of sales in 2023.

UMC too

Foundry UMC is also seeing even negative trends with November sales of NT$18.8 billion (about US$597.4 million) down monthly sequentially and down 16.7 percent compared with November 2022.

UMC’s year-to-date sales are NT$2025.5 billion (about US$6.54 billion) down 20.25 percent compared with the first 11 months of 2022.

Related links and articles:

www.tsmc.com

www.umc.com

News articles:

TSMC’s sales leap forward in October

September sees foundries’ lacklustre sales continue

TSMC sees headwinds, flips to 10 percent decline forecast

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