TSMC revenue for March 2023 fell over 10% on both sequential and on-year bases, according to the company's latest report.
TSMC announced revenue of approximately NT$145.41 billion (US$4.77 billion) for March 2023, down 10.9% on quarter and 15.4% from a year earlier. The pure-play foundry's revenue for the first quarter totaled NT$508.63 billion, still rising 3.6% compared to the same period in 2022.
TSMC is scheduled to hold its quarterly earnings conference on April 20 to detail its performance during the first quarter, and provide a business outlook.
Specialty IC foundry Vanguard International Semiconductor (VIS) saw its revenue fall 14.5% sequentially and hit a 12-quarter low of NT$8.29 billion in the first quarter of 2023. Revenue grew by a slight 0.6% sequentially to NT$2.5 billion in March.
United Microelectronics (UMC) has yet to release its March sales figures at the time of publication.
Market watchers expect UMC to see revenue return to growth in the second half of this year, despite the ongoing inventory adjustments across many IC sectors. The foundry may generate a slight decrease or flat growth sequentially in the second quarter, according to the watchers.
UMC previously stated that wafer shipments will fall 17-19% sequentially in the first quarter when the foundry's overall fab utilization rate will drop to around 70% from 90% in the previous quarter. Meanwhile, the foundry expects its wafer ASPs to hold flat on quarter.
