Chip Firms Post Gains in March

Taiwan’s two major chip firms reported strong monthly performances in March.

Taiwan Semiconductor Manufacturing (TSMC) reported a 15.4% month on month and 44.7% year on year increase in sales in March, reaching NT$72.3 billion ($2.3 billion). Sales for the first three months totaled NT$222 billion ($7.1 billion), 49.8% higher than the same period of last year.

United Microelectronics (UMC) said its revenue in March rose 5.4% sequentially to NT$12.7 billion ($407.8 million), taking sales for January to March to NT$37.6 billion ($1.2 billion), 18.8% higher than last year and the highest level in the company’s history.