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TSMC January sales hit new high

TSMC January sales hit new high

Taipei, Feb. 10 (CNA) Taiwan Semiconductor Manufacturing Co. (TSMC, ???), the world's largest pure foundry operator, said Tuesday that its sales for January hit a fresh record high, with market analysts attributing the growth to solid demand for the chip maker's high-end 28 nanometer and 20nm processes. In January, TSMC posted NT$87.12 billion (US$2.77 billion) in consolidated sales, up 25.3 percent from a month earlier and a massive 69.4 percent from a year earlier. The January figure beat the previous one-month high of NT$80.74 billion recorded in October 2014. The latest sales data defied the conventional wisdom that the first quarter is a slow season for the global semiconductor sector. Analysts said that although integrated circuit designers generally suffer through the slow season, they kept placing orders to foundry operators such as TSMC to secure chip supply for the future. In an investor conference held on Jan. 15, TSMC forecast that its consolidated sales will range between NT$221 billion and NT$224 billion in the first quarter, little changed from the previous quarter. The prediction beat an earlier market forecast of a 3-5 percent sequential drop caused by slow season effects. TSMC was confident that sales for each of the remaining quarters of this year will even outpace the present quarter's. Despite a new high in sales for January, TSMC could see a month-on-month decline for February due to a reduced number of working days as the 6-day Lunar New Year holiday begins on Feb. 18, analysts said. Nevertheless, they remain upbeat that the chip maker will be able to achieve its first quarter sales target. A day earlier, rival United Microelectronics Corp. (UMC, ??) reported that its consolidated sales for January rose 5.6 percent from a month earlier to NT$12.88 billion on the back of solid demand for its 28nm process, fending off slow season impact. The January figure was also up 28 percent from a year earlier. Bucking a fall of 0.29 percent fall on the broader market Tuesday, shares of TSMC gained 0.35 to close at NT$142.50, though shares of UMC lost 1.60 percent to end at NT$15.40. (By Jackson Chang and Frances Huang)


Updated : 2021-09-25 14:19 GMT+08:00