TSMC sales drop 9.9% in February on slow season effects

Focus Taiwan
Date: 03/10/2020
By: Chang Chien-chung and Frances Huang

Taipei, March 10 (CNA) Taiwan Semiconductor Manufacturing Co., the world's largest contract chipmaker, on Tuesday reported a 9.9 percent monthly drop in its February sales, which market analysts attributed to the usual first-quarter slow season for the global semiconductor industry.

In a statement, TSMC posted NT$93.39 billion (US$3.11 billion) in consolidated sales for February, which was its highest monthly figure ever, despite the 9.9 percent decline from a month earlier.

The company's February sales were also 53.4 percent higher than a year earlier, when the global semiconductor industry was in a period of inventory adjustments, according TSMC data.

For the first two months of 2020, TSMC's consolidated sales totaled NT$197.08 billion, up 41.8 percent from a year earlier, the data showed.    [FULL  STORY]

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