Taiwanese foundry TSMC reported a 32% revenue drop in November. TSMC's utilization rate has dropped from more than 90 percent in the previous quarters to 70 percent in the fourth quarter of this year. Analysts expect TSMC's utilization will start recovering slightly in Q2 2009.
Taiwan Semiconductor Manufacturing Company (TSMC) generated revenues of about NT$19.3 billion (US$) in November, down 32% sequentially and 36% from 2007, the company announced via a filing with the Taiwan Stock Exchange (TSE). The leading foundry also posted an on-quarter drop of 30% and a 34% decline on an annual basis in consolidated revenues for the month.
TSMC's accumulated revenues from January to November totaled NT$308.6 billion, an increase of 8.9% compared to the same period of 2007, according to the filing.