TSMC's revenue drops for the second consecutive month

Taiwanese chip maker, TSMC, recently released its monthly revenue data. The report shows that the company's revenue for February was $1.97 billion. This is less than what it made in the same period of last year. According to data released by TSMC, its revenue in February this year was NT$60.789 billion ($1.97 billion), which was less than NT$64.641 billion ($2.09 billion) it got for the same period of the previous year. This is a 5.8% drop year-on-year.

Besides the year-on-year decline of TSMC's revenue, the company also recorded a significant decline in revenue from the previous month (January). In the first month of the year, TSMC had a revenue of NT$78.094 billion ($2.54 billion), and in February it was NT$60.789 billion, down 22%.

Although TSMC's revenue in January was more than NT$17 billion ($550 million) higher than in February, its January revenue also fell year-on-year. TSMC’s revenue in January last year was NT$79.941 billion ($2.59 billion), and this year’s NT$78.894 billion ($2.54 billion) was a decrease of NT$1.647 billion ($53 million), down 2.1% year-on-year.

Revenue fell for two consecutive months, and TSMC's revenue in the first two months of this year shows a big gap compared with the same period of last year. Its revenue for the first two months of this year was NT$138.983 billion ($4.4 billion), compared with NT$144.81 ($4.6 billion) in the same period last year.