The monthly sales growth of Taiwan Semiconductor Manufacturing Company (TSMC), the world's largest foundry corporations, has declined due to the strength of the New Taiwan Dollar. However, it achieved record-breaking results in the second quarter of this year (April to June).
On July 10, TSMC reported that its June sales reached 263.71 billion New Taiwan Dollars (approximately 12.37 trillion won). This represents a 26.9% increase compared to the same period last year, but a 17.7% decrease compared to the previous month in May.
The main reason for the decrease in sales compared to the previous month is attributed to the strength of the New Taiwan Dollar. Since semiconductor transactions are conducted in U.S. dollars, the increase in the value of the New Taiwan Dollar against the U.S. dollar in June negatively impacted earnings. Additionally, it is analyzed that some customers initiated inventory adjustments at the end of the quarter also affected sales.
Despite the monthly performance decline, the total sales for the second quarter reached 933.79 billion New Taiwan Dollars (approximately 43.82 trillion won), setting a new record. This represents an increase of 38.6% compared to the same period last year and 11.3% compared to the previous quarter, surpassing market expectations. Cumulative sales for the first half increased by 40% compared to last year.
The market has a positive outlook for TSMC's performance in the second half of the year. There are predictions that the growth trend will continue into the third quarter, driven by the launch of Apple's new smartphone and high demand for semiconductors for AI servers.
TSMC is scheduled to announce its finalized results for the second quarter and its future business outlook on July 17.