Wages foundry Q2 operation rose month by month

With the traditional peak season approaching and the number of customers taking a slice, the market expects that foundry TSMC and UMC’s second quarter revenue will increase month by month.

Due to the balance of supply and demand in the market and demand, coupled with strong demand for mobile phone chips, TSMC's strong orders in the second quarter, especially the expansion of 28nm process capacity, coupled with technology and yield leading the industry, customers take the initiative to boost production capacity. The utilization rate is continuously full.

TSMC expects to calculate the exchange rate of 29.82 yuan, the second quarter revenue will reach 1540-156 billion yuan, the quarterly increase rate of up to 16-17.5%, much higher than legal estimates of 5-9%, but also benefit from capacity utilization To further increase, the gross profit margin also increased by 47.5-49.5%, and the operating profit rate was 35-37%. It is expected that the revenue and profit will reach a record high.

TSMC’s consolidated revenue for April was a record high of 500.71 billion yuan for one month. The market expects TSMC’s revenue in May and June to rise month by month, with a single month’s revenue of at least 50 billion yuan. 28nm is the main driving force for the growth of TSMC's operations. The first quarter accounted for about 24% of the revenue; at the end of last year, the 28th plant of Zhongke base camp had monthly production capacity of 50,000 months, and will expand in the second half of the year. With an increase of 50,000 films and a total of 100,000 films, the production capacity of 15 nanometers will increase threefold year-on-year, and its contribution to revenue is also expected to be 30%.

UMC is also optimistic about Q2. It believes that after several months of inventory adjustments, the semiconductor industry has stabilized its demand. Driven by mobile communications-related applications, it is expected that wafer shipments in the second quarter will grow by about 12-14 in the quarter. %, the average selling unit price (ASP) in US dollar-denominated wafers will be the same as in the first quarter. However, due to the 28-nanometer research and development expenses involving erosion of 5-10 billion yuan in profits, the foundry industry can only obtain a small amount. Lee.

UMC's mass production schedule for 28nm process is not as expected, and the development time horizon is far behind back-office power. It is expected that it will not be able to contribute revenue until the second half of the year, and it will only account for the single-digit percent revenue target until the end of this year. However, the 40-nanometer process is more progressing toward UMC. In the first quarter, the revenue ratio has increased from 15% in the previous quarter to 18%, and it is expected to increase to 20% in the second quarter. UMC estimates that the company is at 40nm. There is still a lot of room for growth.

UMC’s merger in April totaled 10.281 billion yuan, returning to the 10 billion yuan mark; judging from the growth rate of UMC’s shipments in the second quarter, the single-quarter revenue is expected to exceed 30 billion yuan, and the revenue for May and June will be To maintain a high level of more than ten billion yuan.