Taiwan Semiconductor July Revenue Hits NT$907.8B: Memory Leads While Logic Lags
Nashnova编辑部
Taiwan's listed semiconductor companies posted combined July revenue of NT$907.8 billion, with memory firms surging at triple-digit annual growth while logic-design leaders MediaTek and Novatek barely grew — a widening split inside the industry.
NT$907.8 billion — where does the money concentrate?
TSMC alone posted NT$467.58 billion in monthly revenue, up 44.7% year-on-year, capturing 51.5% of the entire sector.
ASE Technology Holding came second at NT$73.78 billion, up 43.2%. Together the two accounted for 59.6% of total revenue.
This means → the top two firms took nearly six out of every ten dollars; the top ten took 81.8%. Taiwan semiconductor's high-concentration structure has not changed.
Why is memory surging this hard?
Nanya Technology posted July revenue of NT$43.87 billion, up 719.6% year-on-year. Phison Electronics rose 377.6%; Winbond Electronics rose 291.5%.
Of the ten fastest-growing firms, six are in memory manufacturing, modules, or controller design. Phison's filing was the most explicit: both shipment volume and average selling price rose.
In plain terms = this memory boom is driven by volume and price rising together — companies are shipping more and charging more. But the price leg is the weaker link, and its durability is the variable to watch.
Why are logic-design firms falling behind?
MediaTek and Novatek — the two largest fabless houses (companies that design chips but outsource manufacturing) — posted cumulative growth that was nearly flat.
This means → memory firms rode a pricing cycle for explosive gains, while logic design lacks the same price elasticity. The logic sub-sector's momentum is visibly weaker.
Why is the OSAT sub-sector called the "healthiest"?
Taiwan's OSAT (outsourced semiconductor assembly and test) sub-sector posted combined July revenue of NT$107.99 billion. ASE alone held 68.3%; the remaining 23 firms combined did not reach half of the leader.
But breadth tells a different story: 22 of 24 firms posted positive cumulative growth, with a median of 19.8%. Only four declined month-on-month.
In plain terms = OSAT's strength is not a one-company illusion — most small and mid-sized players are growing too, making it the most evenly distributed sub-sector in Taiwan's chip supply chain.
Ardentec rose 13.8% month-on-month, citing new-fab ramp-up. ELASER surged 98.0% year-on-year, the sub-sector's largest annual gain.
Why are signals in the materials sub-sector contradictory?
The two silicon-wafer leaders both declined month-on-month — SAS fell 9.2%, GlobalWafers fell 11.5% — with cumulative growth of just 5.4% and -4.4%, the weakest in the sub-sector.
The growth leaders are thermal-management, substrate, and leadframe firms: HHAT posted 97.5% cumulative growth, citing rising customer demand for thermal products. Kinsus, at 30.7%, ranked in the top five by both scale and growth — the only name in the materials sub-sector where size and momentum overlap.
This reflects a split inside materials itself — AI-linked heat dissipation and packaging substrates are booming, but upstream silicon wafers have not recovered.
What needs to be verified in the second half?
SDI's filing pointed to two signals: strong demand for AI-application power management, and a gradual pick-up in automotive leadframe orders.
This means → Taiwan's semiconductor materials sub-sector in H2 hinges on two verification points: whether the memory pricing cycle can continue, and when silicon-wafer demand recovers.
The first determines whether memory's explosive run has a second act; the second determines whether materials leaders can catch up.
Content is for reference only, not financial advice.