Mar 13, 2018
Consolidated revenues at pure-play foundry Taiwan Semiconductor Manufacturing Company (TSMC) fell to a 10-month low of NT$64.64 billion (US$2.2 billion) in February 2018.
TSMC's February revenues represent decreases of 18.9% sequentially and 9.5% on year. Revenues totaled NT$144.38 billion for the first two months of 2018, down 2.5% on year.
TSMC's March revenues will have to exceed NT$100 billion, so that the foundry is able to meet its guidance for the first quarter given in January.
TSMC expects to post revenues of between US$8.4 billion and US$8.5 billion in the first quarter of 2018, down about 8% on quarter. Despite strong demand for cryptocurrency mining, a seasonal slowdown in demand for mobile devices would drag down the foundry's first-quarter revenues, said TSMC CFO Lora Ho at the company's most-recent investors meeting.
Fellow foundry company United Microelectronics (UMC) posted consolidated revenues of NT$11.91 billion for February 2018, down 9.6% on month and 0.9% on year. UMC's cumulative 2018 revenues through February increased 1.7% from a year earlier to NT$25.08 billion.
Specialty IC foundry Vanguard International Semiconductor (VIS) announced February consolidated revenues of NT$1.9 billion, down 10.7% sequentially. Revenues were a slight 0.4% higher than the February 2017 levels. The company's revenues came to NT$4.03 billion for the first two months of 2018, up 4.3% from a year ago.
Source: Digitimes