Great reversal! TSMCs revenue rose 21.9percent in June from a year earlier.

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 Great reversal! TSMCs revenue rose 21.9percent in June from a year earlier.


China Securities Network News (Reporter Wu Keren) on July 10, the global wafer maker Taijiquan Electric Co., Ltd. released its operating data for June. After six consecutive months (December 2018 - May 2019) of decline in performance, it reversed sharply in June. Data show that TSMCs business income in June was NT$85.868 billion, up 21.9% year-on-year. In the first five months of this year, the year-on-year growth rate of TSMC was -2.1%, -5.8%, -23.1%, -8.8% and-0.7%.

In the first half of this year, TSMC realized revenue of NT$459.703 billion, down 4.5% from the same period last year. Among them, revenue in the second quarter reached NT$240.999 billion, an increase of 3.31% over the same period last year. At the April performance presentation, TSMC expects its second quarter revenue to be between $7.55 billion and $7.65 billion. Based on the exchange rate forecast at that time, TSMCs second quarter revenue was 7.812 billion US dollars, which exceeded the companys expectations.

Taiji Chief Executive Wei Zhejia previously said that in the second half of 2019, Taiji Telecom will meet strong demand for 7Nm technology, which will support many high-end smartphone new product launches, initial 5G deployment and related applications of high-performance computing (HPC).

It is worth mentioning that another wafer manufacturing giant, Lianhua Electronics, not only did not stop its decline in June, but also expanded its decline. According to the monthly operating data released on July 9, the company realized revenue of NT$11.106 billion, down 12.40% from a year earlier. In the first five months of this year, the comparative decline of Lianhua Electronics was 10.48%, 12.15%, 16.81%, 2.66% and 6.37%.

Source: Liable Editor of China Securities News and China Securities Network: Yao Liwei_NT6056