Powerchip and UMC May Revenues Hit Multi-Year Highs
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Foundry companies Powerchip Semiconductor Manufacturing Corp (PSMC) and United Microelectronics Corp (UMC) both reported strong May revenues, reaching 44-month and 43-month highs respectively. PSMC's May revenue was NT$5.77 billion (up 14.36% MoM, 58.86% YoY), while UMC's was NT$22.944 billion (up 1.23% MoM, 17.78% YoY). Growth was driven by rising customer demand, higher sales volume, and price adjustments.