TSMC Reports 60% Year-on-Year Sales Growth in April

Despite reducing annual forecasts for the semiconductor market and the foundry sector, TSMC has managed to achieve remarkable sales growth in recent months. The company's latest financial report reveals a significant increase in monthly sales figures, defying earlier projections.

In a surprising turn of events, TSMC reported monthly sales of NT$236.02 billion (approximately US$7.28 billion) in the latest period, marking a substantial 20.9 percent surge compared to the previous month. This impressive growth also represents a remarkable 59.6 percent increase compared to the same month the previous year.

For the first four months of 2024, TSMC's total sales have reached NT$828.67 billion (around US$25.56 billion), reflecting a notable 26.2 percent increase. These figures indicate a strong performance by the Taiwanese semiconductor giant, outperforming expectations and demonstrating resilience in a challenging market environment.

Meanwhile, TSMC's counterpart, UMC, also experienced growth in sales, albeit at a slightly lower rate. UMC reported sales of approximately NT$19.74 billion (about US$609 million), showing a 6.9 percent increase. Year-to-date sales for UMC stand at NT$74.37 billion (roughly US$2.29 billion), reflecting a more modest 2.3 percent growth compared to the same period last year.

These positive sales figures from both TSMC and UMC signal a potential recovery in the semiconductor industry, despite earlier concerns and downward revisions in market forecasts. The resilience and adaptability of these companies highlight their ability to navigate challenges and capitalize on emerging opportunities in the ever-evolving tech landscape.