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dylan.mcgrath
Thanks Mike. I guess we'll have to wait and see what the numbers show, but I ...
peter.clarke
Foundry sales tumbled in December
Dylan McGrath
1/10/2012 1:51 AM EST
SAN FRANCISCO—Taiwanese semiconductor foundries Taiwan Semiconductor Manufacturing Co. (TSMC) and United Microelectronics Corp. said this week that December sales declined on a year-over-year basis.
TSMC (Hsinchu, Taiwan) reported unconsolidated December sales of NT$30.57 billion (about $1 billion), down 13.2 percent from November 2011 and down 9.4 percent from December 2010. For the full year 2011, TSMC's unconsolidated sales totaled NT$427.08 billion (about $14.2 billion), up 2.8 percent from 2010, TSMC said.
On a consolidated basis, including subsidiaries and joint ventures, TSMC's December sales totaled about NT$ 31.24 (about $1 billion), down 12.9 percent from November 2011 and down 10.4 percent from December 2010, TSMC said.
According to a report by the Reuters news service, TSMC's December sales decline marked the eighth consecutive month of sales declines for the firm. TSMC's December sales total was the lowest for the foundry giant in 22 months, according to the report.
UMC (Hsinchu) reported December sales of NT$8.1 billion (about $269.8 million), up slightly from November but down 20.4 percent from December 2010.
UMC's December sales total was the firm's second lowest in any month in 2011, beating only November's. For the full year 2011, UMC's sales were about NT$105.9 (about $3.5 billion), down 12 percent from 2010, the company said.
TSMC (Hsinchu, Taiwan) reported unconsolidated December sales of NT$30.57 billion (about $1 billion), down 13.2 percent from November 2011 and down 9.4 percent from December 2010. For the full year 2011, TSMC's unconsolidated sales totaled NT$427.08 billion (about $14.2 billion), up 2.8 percent from 2010, TSMC said.
On a consolidated basis, including subsidiaries and joint ventures, TSMC's December sales totaled about NT$ 31.24 (about $1 billion), down 12.9 percent from November 2011 and down 10.4 percent from December 2010, TSMC said.
According to a report by the Reuters news service, TSMC's December sales decline marked the eighth consecutive month of sales declines for the firm. TSMC's December sales total was the lowest for the foundry giant in 22 months, according to the report.
UMC (Hsinchu) reported December sales of NT$8.1 billion (about $269.8 million), up slightly from November but down 20.4 percent from December 2010.
UMC's December sales total was the firm's second lowest in any month in 2011, beating only November's. For the full year 2011, UMC's sales were about NT$105.9 (about $3.5 billion), down 12 percent from 2010, the company said.
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Cowan LRA Model
1/10/2012 10:31 AM EST
Hi Dylan - these December 2011 monthly sales results for both TSMC and UMC do not bode well for global semi sales reaching greater than the $300 billion mark that the industry was supposedly going to surpass for the first time.
The latest run of the Cowan LRA Model's monthly sales forecast expectation for 2011 global sales (based on the recently posted WSTS's November HBR) came in at just marginally over $300 billion, namely $301.2 billion corresponding to a sales growth estimate of 0.95 percent for 2011 over 2010's sales of $298.3 billion. In order to surpass the $300 billion sales barrier, December 2011's will have to be greater than $26.2 billion. December's actual sales number should be posted by the WSTS on February 3rd, 2012 -- stayed tuned for the "wrap up" of 2011's global semi sales result and thus finding out if the $300 billion sales mark record for the industry is attained.
Mike C.
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dylan.mcgrath
1/10/2012 12:31 PM EST
Thanks Mike. I guess we'll have to wait and see what the numbers show, but I also agree that the y-to-y declines in sales by the foundries do not bode well for the overall market.
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peter.clarke
1/10/2012 10:47 AM EST
@Mike
I agree. With TSMC's Dec sales falling more than 12 percent sequentially - versus a 6 percent fall in a more typical year - the market looks weak.
On the plus side TSMC's sales were toward the top end of guidance previously given. And check out Dialog's runaway sales.
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