* TSMC July sales down 3.4 pct y/y, first annual decline
since Sept 2009
* UMC July sales down 18.6 pct y/y
* World's top two contract chipmakers expect lower revenues
TAIPEI, Aug 10 The world's top contract
chipmaker TSMC posted its first annual decline in
sales in 22 months last month as the industry was hit by
economic uncertainties and customer inventory adjustment.
Both TSMC and rival United Microelectronics Corp
saw July sales decline on a monthly basis for the fourth
consecutive month, signalling a difficult start to the third
TSMC said on Wednesday that sales in July fell 3.4 percent
from a year earlier, the first annual decline since September
2009, while UMC's sales in the same month dropped 18.6
percent from a year earlier.
TSMC said late last month it saw lower revenues and
gross margins in the third quarter. The company trimmed its
full-year capital spending outlook by 5 percent and reported
second-quarter earnings below forecast.
UMC also said last week it expected revenue to decline by
11-13 percent in the third quarter from the previous quarter,
the biggest drop in 10 years for what is traditionally the high
TSMC chairman Morris Chang has revised down his forecast on
the growth of the semiconductor industry excluding memory to 4
percent from 7 percent in the beginning of this year, and the
foundry industry to 7 percent from 15 percent.
For a table on TSMC's website, see here
For a table on UMC's website, see here
(Reporting by Clare Jim; Editing by Jonathan Hopfner)