TSMC, UMC: Sales still strong

March 9, 2004 – TSMC and UMC both posted strong sales in February despite a seasonal slowdown, with capacity still approaching the foundries’ limits.

TSMC sales of $552 million were at the high end of expectations, up 49% from Feb. 2003. UMC reported revenue of $194.9 million, up 47% year-on-year. Both companies are expecting capacity to stay at 100% this quarter.

ING Financial Markets analyst Chris Hseih said meeting demand in the current quarter or even 2Q won’t be a problem, but he anticipated a possible 20% shortage of supply in higher-end production lines in 3Q, according to a Reuters story.

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