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Brisk sales of Chromebooks and commercial notebooks in March led to higher-than-expected shipments by Taiwan-based ODMs including Quanta Computer, Compal Electronics, Wistron, and Inventec in 1Q23.
Most Taiwan-based network equipment makers, including Sercomm, Arcadyan Technology, Wistron NeWeb, and Alpha Networks, saw their sales for March and the first quarter register sequential and on-year increases, despite macro headwinds.
Display driver IC (DDI) specialist Novatek Microelectronics has reported revenue increased 7.3% sequentially to NT$24.05 billion (US$789.3 million) in the first quarter of 2023, which came above the company's previously-given guidance.
Ongoing inventory correction at major customers, such as Apple, AMD, and MediaTek weakened TSMC's sales in March, according to industry sources.
TSMC revenue for March 2023 fell over 10% on both sequential and on-year bases, according to the company's latest report.