TSMC has reported impressive results for first-quarter 2020 despite the coronavirus outbreak, with sales growing 42% on year to NT$310.6 billion (US$10.33 billion) and net profit soaring 90.6% on year to NT$116.99 billion. TSMC expects it second-quarter 2020 sales to remain flat compared to the previous quarter. The outbreak may have stalled China's economy, but did not prevent it from becoming the world's largest 5G smartphone market in first-quarter 2020. The pandemic also shored up demand for notebooks to support stay-at-home needs, but notebook ODMs are wary that their shipments may fall in May after impressive increases in April.
TSMC expects flat 2Q20: TSMC expects to post revenues of between US$10.1 billion and US$10.4 billion in the second quarter of 2020, flat from its sales in the first quarter.
China 5G smartphone shipments top over 10 million units in 1Q20: Shipments of 5G smartphones in the China market reached 14.06 million units in the first quarter of 2020, making it the world's largest 5G phone market, according to data compiled by China Academy of Information and Communications Technology (CAICT).
Notebook ODMs to see shipments fall in May: Taiwan-based notebook ODMs are expected to see their shipments surge 20% sequentially in April, but fall back to the March levels in May, according to sources at fabless chipmakers.
