TSMC’s sales growth stays high as UMC’s dips

Market news |
By Peter Clarke

TSMC’s sales in November were more than 50 percent above the same month a year before as the world’s leading foundry continued to defy the slowdown in the global chip market.

However, November sales revenue at UMC, the second-largest pure-play chip foundry, was down sequentially and the annual growth of 14.7 percent was down considerably on the previous ten months. This suggests that UMC is starting to feel the impact of push outs and dropping capacity utilization.

But TSMC’s sales continues to motor and driving the company to a record growth year. TSMC’s net revenue in November 2022 was approximately NT$222.71 billion (about US$7.27 billion. This was up sequentially by 5.9 percent from October 2022 and an increase of 50.2 percent from November 2021.

TSMC’s revenue for the first 11 months of the year was totalled NT$2,071 billion (about US$67.6 billion), an increase of 44.6 percent compared to the same period in 2021.

UMC’s November sales were NT$22.55 billion (about US$736 million), down 7.4 percent sequentially from October 2022 and up 14.7 percent compared with November 2021. UMC’s year-to-date sales were NT$257.76 billion (about US$8.42 billion) up 33.7 percent year-on-year.

Related links and articles:

News articles:

TSMC’s October sales leap forward

Chip market crash arrives – worse than expected

Report: TSMC takes action in response to falling demand

Foundries defy chipmarket downturn

Global chip market flat in August, decline imminent

Chip market growth in 2023 will be ‘deeply negative’ says analyst



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