TSMC Posts Record January Sales

Taiwan Semiconductor Manufacturing (TSMC) reported record sales in January of NT$87.1 billion ($2.7 billion), an increase of 25.3% from December 2014 and 69.4% higher than January 2014. TSMC said it was the highest monthly total in the company’s history.

The company had previously forecast sales in the first quarter between NT$221 billion ($7 billion) and NT$224 billion ($7.1 billion), which would be flat compared to the previous quarter, though January’s result suggests a stronger first quarter for the company.

TSMC also said it plans to invest more than NT$500 billion ($16 billion) in its manufacturing facility in the Central Taiwan Science Park (CTSP) in Taichung. This announcement followed approval from Taiwan’s Environmental Protection Administration for TSMC’s expansion project at the CTSP.

TSMC’s rival semiconductor company in Taiwan, United Microelectronics (UMC), posted sales in January of NT$12.8 billion ($409.3 million), up 28% year on year.