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The four leading foundries in Taiwan - Taiwan Semiconductor Manufacturing Company (TSMC), United Microelectronics (UMC), Powerchip Semiconductor Manufacturing (PSMC) and Vanguard International Semiconductor (VIS) - together generated a total of US$89.4 billion in revenues in 2022, soaring 31% from a year ago. However, they still experienced the first on-quarter revenue decline since the COVID-19 pandemic in fourth-quarter 2022.
Abstract
The four leading foundries in Taiwan - Taiwan Semiconductor Manufacturing Company (TSMC), United Microelectronics (UMC), Powerchip Semiconductor Manufacturing (PSMC) and Vanguard International Semiconductor (VIS) - together generated a total of US$89.4 billion in revenues in 2022, soaring 31% from a year ago.
However, they still experienced the first on-quarter revenue decline since the COVID-19 pandemic in fourth-quarter 2022.
Going into 2023, with the IT industry undergoing inventory correction on top of a slow season, the foundries' combined revenues for the first quarter is set to exhibit another sequential decline, estimated to exceed 10%, and the first on-year deceleration since second-quarter 2019. The weak global economy will also dampen the whole-year 2023 revenue growth momentum.
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