TSMC July sales down over 12% from June

Focus Taiwan
Date: 08/10/2020
By: Chang Chien-chung and Frances Huang

Taipei, Aug. 10 (CNA) Taiwan Semiconductor Manufacturing Co. (TSMC) saw its sales in July fall more than 12 percent from a month earlier, likely the result of a loss of orders from Chinese telecom and phone brand Huawei amid trade sanctions imposed by the United States.

In a statement, TSMC said its consolidated sales in July totaled NT$105.96 billion (US$3.59 billion), down 12.3 percent from a month earlier, but it was still the third highest total for the year behind NT$120.88 billion in June (an all-time high) and NT$113.52 in March.

The July sales were also 25 percent higher than in July 2019 on strong demand for TSMC's advanced technology processes, analysts said.

At an investor conference in mid-July, TSMC Chairman Mark Liu (劉德音) said his company stopped taking orders from Huawei on May 15 due to the U.S.-China trade dispute, and he expected TSMC to fill its outstanding orders to Huawei by Sept. 14.    [FULL  STORY]

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