[News] TSMC Revenue Plunges 17.7% MoM in June as Strong Taiwan Dollar Hits Foundry Sector

On July 10, TSMC announced its net revenue for June 2025. On a consolidated basis, revenue for the month was approximately NT$263.71 billion, representing a 17.7% decrease from May 2025 and a 26.9% increase compared to June 2024. According to investors cited by Commercial Times, the month-over-month decline was primarily due to the appreciation of the New Taiwan dollar.

As noted by Commercial Times, while demand for AI and HPC remained stable, the sharp appreciation of the New Taiwan dollar against the U.S. dollar in June led to a downward adjustment in export revenue. Additionally, quarter-end inventory adjustments further pressured monthly revenue, the report adds.

TSMC’s second-quarter consolidated revenue totaled NT$933.79 billion, up 11.3% from the previous quarter and 38.6% year-over-year—marking a new all-time high, according to Commercial Times.

The company is scheduled to hold its earnings call on July 17, during which it will provide the latest outlook on third-quarter operations and capital expenditures, as Commercial Times notes.

VIS Q2 Revenue Misses Guidance Despite Strong June Sales

Meanwhile, Vanguard International Semiconductor Corporation (VIS), an affiliate of TSMC, announced its consolidated net sales of NT$4.474 billion for June 2025, representing an 8.96% increase from the same month last year.

However, according to KNews, second-quarter revenue came in at NT$11.7 billion, down 2.08% quarter-over-quarter, falling short of the 5–7% growth previously guided during the recent earnings call. KNews suggests that the shortfall was mainly due to the sharp appreciation of the New Taiwan dollar in June.

UMC Posts Modest Q2 Growth as NT Dollar Weighs on June Sales

As for Taiwan’s second-largest foundry, UMC, June revenue came in at NT$18.823 billion, the lowest in four months. Second-quarter revenue totaled NT$58.758 billion, up 1.55% quarter-over-quarter, according to Central News Agency.

The report from Central News Agency notes that UMC’s June revenue fell 3.37% from the previous month, marking its second-lowest level this year, though still up 7.26% compared to the same period last year. Industry sources cited in the report stated that the appreciation of the New Taiwan dollar was the primary factor behind the decline in June revenue.

Read more

• [News] Foundry Margins Under Pressure as Taiwan Dollar Climbs: Impact on TSMC, UMC, Vanguard
• [News] New Taiwan Dollar Rises Rapidly, Pressuring TSMC and MediaTek Margins

(Photo credit: TSMC)