May revenues at leading foundry TSMC (Hsinchu, Taiwan) were up 11.2 percent compared with May 2017, a much lower but still double digit percentage increase than the 44 percent seen in April.

Revenues were approximately NT$72.80 billion (about $2.44 billion), a decrease of 1.1 percent from April 2018 and an increase of 11.2 percent from April 2017. Revenues for January through May 2018 totalled NT$410,917 billion (about $13.77 billion), an increase of 13.0 percent compared to the first five months in 2017.

TSMC is getting close to the forecast of now-retired chairman Morris Chang who predicted at the beginning of the yer that TSMC sales would be up slightly more than 15 percent year-on-year in the first half of 2018 and would be up slightly less than 10 percent year-on-year in the second half of the year.

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