Taiwan Semiconductor Manufacturing Company (TSMC) saw its revenues grow by a slight 3.7% in 2019, but its fourth-quarter revenues were increased by about 8%.

The company reported consolidated revenues hit a record high of NT$1.07 trillion (US$35.7 billion) in 2019. Revenues for December 2019 came to NT$103.31 billion, down 4.2% on month but up 15% from a year earlier.

TSMC saw its fourth-quarter revenues amount to NT$317.24 billion, up about 8% sequentially and hitting a record high for the second consecutive quarter. The company is scheduled to hold its quarterly investors meeting on January 16 to disclose other financial results and provide a business outlook.

Meanwhile, revenues at fellow companies United Microelectronics (UMC) and Vanguard International Semiconductor (VIS) each dropped about 2% on year.

UMC's revenues climbed 10.9% sequentially to a record high of NT$41.85 billion in the fourth quarter. Revenues for 2019 totaled about NT$148.2 billion, down 2% on year.

UMC saw its revenues surge 17.4% from a year ago to NT$13.37 billion in December 2019. Revenues were also up 17.4% on year in the fourth quarter of 2019, thanks mainly to recognized sales generated from a Japan-based 12-inch foundry it had acquired.

IC foundry VIS generated December revenues of NT$2.61 billion. Revenues for 2019 totaled NT$28.29 billion, down 2.2% on year.