Wafer foundry leader TSMC announced its January revenue, with consolidated revenue of NT$37.11 billion, up 27.8% quarter-on-quarter and up 37.2% year-on-year. At present, foreign chips have taken the lead in pre-constructing new inventories, and Taiwanese IC design operators will quickly pick up after the Spring Festival. In the first quarter, the foundry industry is expected to ignore the off-season effect and demonstrate sufficient momentum for the recovery of the economy. Looking forward to the future, the company's 13-year growth momentum is not diminished.
In January, Taiwan's LED industry continued its low season. LED chip leader plant Jingdian consolidated revenue of 1.35 billion yuan in January, an increase of 25.9%. Jingdian is optimistic about the future prosperity. Some TV backlight orders have rebounded significantly before the Lunar New Year. It is expected that the performance in March will increase significantly. According to the disclosure of Jingdian, the non-consolidated revenue in January also achieved a sequential increase, indicating that demand for the economy is recovering from the bottom. Jingdian also said that although there was a Spring Festival affecting shipments in February, the orders were performing well, and the demand for high-end LED chips was relatively high, and the capacity utilization rate reached about 70%.
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