Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), the world’s largest contract chipmaker, yesterday reported its revenue last month had fallen from the previous month, but risen from a year earlier.
Consolidated revenue last month dropped 11.4 percent to NT$44.25 billion (US$1.52 billion) from October, but increased 23.4 percent from the same month last year, TSMC said in a statement.
The revenue drop last month came after TSMC reported a record consolidated revenue of NT$49.94 billion in October.
However, last month’s result was not unexpected, as the Hsinchu-based company told an investors’ conference on Oct. 25 that it expected sales for this quarter would weaken compared with last quarter because customers in its supply chain would reduce orders to digest inventory.
At the time, the chipmaker said revenue for this quarter could drop by between 7.34 percent and 8.76 percent to between NT$129 billion and NT$131 billion, from a record quarterly revenue of NT$141.38 billion last quarter.
In the first 11 months of the year, cumulative revenue totaled NT$469.13 billion on a consolidated basis, up 18.5 percent from the same period last year, the company said in the statement.
Last week, smaller rival United Microelectronics Corp (UMC, 聯電) reported a NT$9.01 billion in revenue for last month, representing a monthly decline of 2.92 percent, but a year-on-year rise of 11. 72 percent.
UMC also projected that this quarter’s revenue would fall by between 6 percent and 8 percent from last quarter as clients adjusted their inventories.
TSMC shares ended at NT$96.5 yesterday, down 1.63 percent from the previous session, while UMC shares fell 1.72 percent to NT$11.45.