PSMC: Revenue hit a record high in April, and 8/12-inch plants are fully loaded in the next two quarters
PSMC said its 12-inch and 8-inch fabs will remain fully loaded in the coming quarters. Sales are expected to remain high in the second quarter, in line with the first quarter. At the same time, with the implementation of long-term contracts, it is confident that its sales performance will remain stable this year.
According to Digitimes, PSMC posted a 1.7% month-on-month increase in April revenue to a record high of NT$7.33 billion ($246.4 million). As of April, the company’s cumulative revenue for 2022 was TWD 28.05 billion, a 54% year-on-year increase.
PSMC previously disclosed that since mid-2021, the company has entered into a number of long-term supply agreements with customers, with more than 85% of its capacity reserved for long-term contracts. Wafer ASP is expected to increase slightly this year by 3-5% compared to 2021, with improved production efficiency and depreciation of the New Taiwan dollar driving gross margins in the second half of 2022 over the first half.
At the same time, the revenue of its peers TSMC and UMC both hit a record high in April, and the world's advanced revenue from mature process foundries also increased by 41.5% over the same period of the previous year.
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