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Slightly disappointing Feb. sales figures lead TSMC (TSM -0.8%) and UMC (UMC -1.1%) to close...
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Friday, March 8, 4:44 PM ETSlightly disappointing Feb. sales figures lead TSMC (TSM -0.8%) and UMC (UMC -1.1%) to close lower. TSMC's sales came in at $1.39B, -13.2% M/M and +21.5% Y/Y. EE Times points out that while a Feb. drop is normal thanks to fewer days and the Chinese New Year, the decline is bigger than the 6.1% TSMC has averaged over the last 10 years. Digitimes recently reported TSMC has limited Q2 order visibility from mobile chip clients (responsible for much of its growth) due to inventory builds. UMC, which has been losing share, reported Feb. sales of $295M, -7.6% M/M and +3.4% Y/Y. (PRs: I, II)
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