Powerchip and UMC May Revenues Hit Multi-Year Highs

(Central News Agency, Hsinchu, 5th) Foundry companies Powerchip Semiconductor Manufacturing Corp (PSMC) and United Microelectronics Corp (UMC) both saw their May revenues climb to multi-year highs. PSMC's self-reported May revenue was NT$5.77 billion, a 44-month high. UMC's May revenue was NT$22.944 billion, a 43-month high.

PSMC's May revenue of NT$5.77 billion represents a 14.36% increase month-on-month and a 58.86% increase year-on-year. Cumulative revenue for the first five months reached NT$24.389 billion, up 31.42% compared to the same period last year.

PSMC stated that the main drivers for the revenue increase were rising customer demand, higher sales volume, and an increase in selling prices.

PSMC raised its foundry prices for 12-inch panel driver ICs and image sensors in January, increased DRAM foundry prices in March, and raised NAND Flash wafer foundry prices in April, all of which are boosting operational growth.

UMC's self-reported May revenue was NT$22.944 billion, a 1.23% increase month-on-month and a 17.78% increase year-on-year. Cumulative revenue for the first five months was NT$106.646 billion, up 9.05% year-on-year.

UMC previously noted strong demand for power management chips and expects wafer shipments in the second quarter to increase by 7% to 9% quarter-on-quarter, with second-half performance likely exceeding the first half. (Editor: Yang Lanxuan) 1150605