Taipei, Taiwan Semiconductor Manufacturing Co. (TSMC), the world's No. 1 contract chip foundry, on Thursday reported revenue of NT$81.87 billion (US$2.74 billion) for April, a monthly drop of 21 percent.
However, the figure represented a 44 percent year-on-year increase and TSMC's second highest monthly revenue so far this year after its NT$103.69 billion in March.
According to industry experts, TSMC's revenue is likely to drop in May and June since it is heavily dependent on supply to Apple Inc., which has been seeing declining demand for its products.
Meanwhile, citing market trends, TSMC has estimated its second-quarter revenue at US$7.8 billion to US$7.9 billion, a quarterly drop of 7-8 percent.
Industry experts have forecast that TSMC's revenue will rebound in the third quarter as demand rises again for Apple products.
The company is projecting a record high full-year revenue growth of 10 percent in U.S. dollar terms.
Source: Focus Taiwan News Channel