Thursday, April 10, 2003
Taiwan Semiconductor Manufacturing Co (TSMC) and United Microelectronics Corp. (UMC) said their first-quarter sales increase due to the demand for their advanced technology. TSMC said its first-quarter sales reached NT$39.3 billion, up by 9.9 percent from a year ago and the sales in March hit NT$13.85 billion, up by 12.8 percent from one year earlier.
"TSMC's revenue has clearly touched bottom in the first quarter of 2003," said Harvey Chang, TSMC senior VP and CFO, in a statement. While arch rival of TSMC, UMC said its sales in the first quarter reach NT$17.9 billion, up by 47.2 percent compared to a year ago, and the sales in March hit NT$ 7.0 billion, up by 29.8 percent from previous month and 11.28 percent compared to a year ago. UMC, which will post quarterly results on April 30.
UMC's spokesman, Alex Hinnawi said sales growth all accredited in part to "contributions from new products." But Hinnawi declined to identify what the new products were or which customers they shipped the products to.
Both of the top two foundries reported sales growth for the month of March, but in April and May sales may not see any improvement as the US war with Iraq erupted last month. Both firms agreed that sales will depend on the result of war whether in ends quickly or drags on. Beside the war, both TSMC and UMC also facing common threat from IBM as they reported offering twenty percent lower than its competitors, referring to both TSMC, UMC and Singapore-based Standard Chartered.
By: DocMemory
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