Corporate revenue indicators rise in March

April 14, 2016 // By Peter Clarke
Leading foundries TSMC and UMC both reported sales revenue for March that was up compared with a year before, suggesting that the chip industry dip could be coming to an end.

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.

Related links and articles:

www.tsmc.com

www.umc.com

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