# semiAIfoundry | Semiconductor Pulse

Edition 2026-09-20-r1 · As of 2026-09-20 · Monthly period 2026-08

Taiwan monthly signals. Global quarterly context.

Taiwan's monthly disclosures provide an early view inside the earnings cycle. In August 2026, 379 of 434 comparable ecosystem reporters grew revenue year over year. This supports a broad participation thesis; it does not establish a validated forecast of global semiconductor demand.

## Executive readout

**Median revenue growth: +35.6%** — YoY; equal company weight

**Growth breadth: 87%** — 379 of 434 comparable reporters

**Three-month momentum: +33.1%** — 336 companies with eligible history

### Participation reaches beyond the headline names

The focus set shows +50.4% median growth, compared with +35.6% across the defined ecosystem. Use the broader reading when testing planning assumptions: the leading names give a stronger impression than the median company.

### Three layers support the expansion hypothesis

Core semiconductors: 85% of eligible companies growing; Production adjacencies: 93% of eligible companies growing; Hardware demand: 84% of eligible companies growing. These are separate corporate-exposure views, not additive semiconductor revenues.

### Durability needs a second test

258 of 336 eligible companies grew in each of the last three months. Revenue is +36.9% above the same month two years ago at the median (326 comparable companies). Pricing, mix, FX and shipment timing remain alternative explanations.

## Selected Taiwan segments

| Segment | Eligible | Median YoY | Growing |

|---|---:|---:|---:|

| Foundries | 9 | +30.7% | 100% |

| Design & IP | 84 | +24.9% | 80% |

| Memory | 16 | +256.4% | 94% |

| Assembly & test | 22 | +29.7% | 95% |

| Power & discrete | 15 | +22.4% | 80% |

| Silicon wafers | 3 | +20.0% | 100% |

| Equipment & facilities | 37 | +37.3% | 92% |

| Fab infrastructure | 13 | +59.1% | 85% |

| Test infrastructure | 10 | +43.1% | 90% |

| Substrates & PCB | 47 | +41.1% | 91% |

| Materials & masks | 9 | +33.0% | 78% |

| Systems & ODM | 23 | +51.2% | 91% |

## Selected global quarterly evidence

**NVIDIA** — Compute & design; quarter ended 2026-07-26; revenue YoY +105.9%; gross margin 75.0%. Consolidated company; US GAAP. [Source](https://www.sec.gov/edgar/browse/?CIK=1045810).

**TSMC** — Foundry; quarter ended 2026-06-30; revenue YoY +33.7%; gross margin 67.7%. Consolidated; company-reported USD revenue; TIFRS; company-reported USD revenue. [Source](https://investor.tsmc.com/english/quarterly-results/2026/q2).

**Micron** — Memory; quarter ended 2026-05-28; revenue YoY +345.7%; gross margin 84.6%. Consolidated company; US GAAP. [Source](https://www.sec.gov/edgar/browse/?CIK=723125).

**Tokyo Electron** — Equipment & process control; quarter ended 2026-06-30; revenue YoY +33.3%; gross margin 46.8%. Consolidated company; Japanese GAAP. [Source](https://www.tel.com/ir/library/report/i242su0000000goz-att/fy27q1tanshin-e.pdf).

**Advantest** — Test & packaging; quarter ended 2026-06-30; revenue YoY +39.3%; gross margin 69.5%. Consolidated company; IFRS. [Source](https://www.advantest.com/document/en/investors/ir-library/result/E_FR_FY2026_1Q.pdf).

**Renesas** — Analog, power & embedded; quarter ended 2026-06-30; revenue YoY +28.5%; gross margin 58.6%. Consolidated company; IFRS. [Source](https://www.renesas.com/document/rep/earnings-report-2nd-quarter-ended-june-30-2026).

**Synopsys Inc** — EDA & design software; quarter ended 2026-07-31; revenue YoY +42.4%; gross margin 72.6%. Consolidated; acquisition effects included; US GAAP. [Source](https://www.sec.gov/edgar/browse/?CIK=883241).

**Entegris** — Materials; quarter ended 2026-06-27; revenue YoY +11.5%; gross margin 47.6%. Consolidated company; US GAAP. [Source](https://www.sec.gov/edgar/browse/?CIK=1101302).

**Arrow Electronics, Inc.** — Semiconductor distribution; quarter ended 2026-07-04; revenue YoY +31.8%; gross margin 11.3%. Consolidated company; US GAAP. [Source](https://www.sec.gov/edgar/browse/?CIK=7536).

## What to watch

### The next monthly releases

Look for sustained participation across chip production, equipment, materials and hardware demand. Repeated narrowing would weaken the expansion thesis and warrant revisiting inventory commitments.

### The next quarterly results

Test growth against reported margins, inventories and management commentary. Revenue acceleration with deteriorating economics calls for more caution in capacity reservations and demand plans.

### Signals outside the focus set

Review smaller suppliers and segments moving against their peers. A strong aggregate should not erase the first signs of weakening in specific end markets.

## Coverage

434 Taiwan reporters: 206 official semiconductor issuers, 137 mapped production adjacencies and 91 hardware-demand companies. All official semiconductor-category issuers in the retrieved feeds are included; adjacent coverage is not a certified census. 336 reporters support three-month analysis. The global archive covers 61 companies and 1438 quarters; selected evidence is shown here. Important gaps remain in European/Japanese materials, China foundries and selected equipment and device leaders.

Monthly growth is nominal TWD, with no FX or seasonal adjustment. Company medians measure participation, not market share. Eligible counts vary over time; current membership and retrieved archive values are used, not historical release vintages. Quarterly dates, accounting bases and consolidation scopes differ. Missing values remain missing. Charts show published aggregate outputs only.

## Source attribution

- [Taiwan Stock Exchange: monthly revenue disclosures](https://mops.twse.com.tw/)

- [Taipei Exchange: company disclosures](https://www.tpex.org.tw/)

- [Historical archive: FinMind (attribution)](https://finmind.github.io/)

- [SEC: company financial disclosures](https://www.sec.gov/edgar/search/)

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