The Taiwan Semiconductor Manufacturing Company (TSMC) has said that sales of chips fell by 25 per cent in the month of June compared to sales in May and has predicted there will not be an upturn in its fortunes until September at the earliest.
TSMC is the largest semiconductor company on the island and provides foundry facilities to a number of other Taiwanese companies, suggesting that those firms are also feeling the pinch.
The drop in sales for June represents the fifth month in a row that TSMC has reported a decline in orders, showing that Taiwan has no immunity from the worldwide slump in semiconductor sales. Earlier this year, reports said that the country's DRAM manufacturers had a glut of parts, in common with firms in both South Korea and Japan.
According to TSMC, sales of eight inch wafers dropped by 17 per cent compared to June 1997. TSMC is far from alone in its fortunes. Powerchip, Acer Semicon and Vanguard International are all predicting losses this year.
The losses mean that all of the semiconductor companies are likely to prune back on their capital spending. According to reports, exports fell by over eight per cent last June, compared to the same period last year.
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