Both companies had disclosed sales that contracted year-on-year in January and February and the companies' first quarter 2016, year-to-date sales are down but the growth shown in March provides hope that 2Q16 could be better for the semiconductor sector after a difficult few quarters (see Chip market decline deepens and Chip market off to slow start in 2016 ).
TSMC's net revenues for March 2016 were approximately NT$73.09 billion (about $2.26 billion), an increase of 22.7 percent from February 2016 and an increase of 1.1 percent from March 2015. Revenues for January through March 2016 totaled NT$203.50 billion (about $6.28 billion), a decrease of 8.3 percent compared to the same period in 2015.
United Microelectronics Corp. achieved net sales of NT$12.92 billion (about $400 million) in March, an increase of 1.6 percent from March 2015. UMC's sales for the first quarter were NT$34.40 (about $1.06 billion), a decrease of 8.6 percent compared with 1Q15.
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