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]