TAIPEI, Taiwan--(BUSINESS WIRE)--United Microelectronics Corporation (NYSE: UMC; TWSE: 2303) (“UMC”), today reported unaudited net sales for the month of February 2024. Revenues for February 2024 Period 2024 2023 Y/Y Change Y/Y (%) February 17,451,268 16,931,079 520,189 3.07% Jan.-Feb. 36,464,965 36,520,594 -55,629 -0.15% (*) All figures in thousands of New Taiwan Dollars (NT$), except for percentages (**) All figures are consolidated Additional inform ...

Revenue Summary - United Microelectronics Corporation (UMC) reported unaudited net sales for January 2024 amounting to NT$19,013,697 thousand, which represents a decrease of NT$575,818 thousand compared to January 2023 [1] - The year-over-year change in revenue for January 2024 is a decline of 2.94% [1] Year-to-Date Comparison - The revenue for the period from January 2024 to January 2024 is the same as the monthly figure, NT$19,013,697 thousand, reflecting the same year-over-year decline of NT$575,818 thousand and 2.94% [1]

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United Microelectronics Corporation (NYSE:UMC) Q4 2023 Earnings Call Transcript January 31, 2024 4:00 AM ET Company Participants Michael Lin - Investor Relations Chi-Tung Liu - CFO, SVP, Head, Corporate Governance & Company Secretary Jason Wang - President & Representative Director Conference Call Participants Randy Abrams - UBS Nicholas Barrett - Macquarie Gokul Hariharan - JPMorgan Chase & Co. Bruce Lu - Goldman Sachs Group Charlie Chan - Morgan Stanley Brett Simpson - Arete Laura Chen - Citi Operator Wel ...

TAIPEI, Taiwan--(BUSINESS WIRE)--United Microelectronics Corporation (NYSE: UMC; TWSE: 2303) (“UMC” or “The Company”), a leading global semiconductor foundry, today announced its consolidated operating results for the fourth quarter of 2023. Fourth quarter consolidated revenue was NT$54.96 billion, decreasing 3.7% QoQ from NT$57.07 billion in 3Q23. Compared to a year ago, 4Q23 revenue declined 19.0% YoY from NT$67.84 billion in 4Q22. Consolidated gross margin for 4Q23 was 32.4%. Net income attributable t ...

Sunshine Seeds United Microelectronics (NYSE:UMC) shares have generally lagged the broader market in the past year and well behind semi leaders such as Nvidia (NVDA) and TSMC (TSM). UMC's revenue is estimated to be down about 21% in FY23 after growing 31% in FY22 due to a lackluster smartphone and PC market. The company does not currently have any advanced node processes for AI chip development, which can explain why it has not participated in the AI fueled rally. But, traditional end markets are showin ...

TAIPEI, Taiwan--(BUSINESS WIRE)--United Microelectronics Corporation (NYSE: UMC; TWSE: 2303) (“UMC”), today reported unaudited net sales for the month of December 2023. Revenues for December 2023 Period 2023 2022 Y/Y Change Y/Y (%) December 16,979,226 20,946,009 -3,966,783 -18.94% Jan.-Dec. 222,533,000 278,705,264 -56,172,264 -20.15% (*) All figures in thousands of New Taiwan Dollars (NT$), except for percentages. (**) All figures are consolidated Addit ...

UNITED MICROELECTRONICS CORPORATION AND SUBSIDIARIES CONSOLIDATED FINANCIAL STATEMENTS WITH REPORT OF INDEPENDENT AUDITORS FOR THE NINE-MONTH PERIODS ENDED SEPTEMBER 30, 2023 AND 2022 Address: No. 3 Li-Hsin 2nd Road, Hsinchu Science Park, Hsinchu, Taiwan, R.O.C. Telephone: 886-3-578-2258 The reader is advised that these consolidated financial statements have been prepared originally in Chinese. In the event of a conflict between these financial statements and the original Chinese version or difference in in ...

Financial Data and Key Metrics - Q3 2023 consolidated revenue was NT$57.1 billion, with a gross margin of 35.9% [5] - Net income attributable to shareholders was NT$16 billion, with earnings per share (EPS) of NT$1.29, slightly better than the previous quarter's NT$1.27 [5] - Shipments declined by 2% sequentially, and capacity utilization was 67% in Q3 2023 [5] - Revenue for the first nine months of 2023 was NT$167.5 billion, a 20.5% YoY decline, with gross margin dropping from 45.8% in 2022 to 35.8% in 2023 [6] - Cash on hand was NT$140 billion, with total assets exceeding NT$547 billion [7] Business Line Data and Key Metrics - Communication segment revenue increased to 46% in Q3 2023, while consumer segment revenue dropped from 26% in Q2 to 23% in Q3 [7] - Revenue from 49nm and below technologies reached 45% of total revenue in Q3, up from 41% in the previous quarter [8] - P6 facility capacity increased by more than 1% in Q3, with an expected 2% sequential growth in Q4 [8] Market Data and Key Metrics - Asia remained the largest revenue segment at 58%, growing 2 percentage points from the previous quarter [7] - Europe and North America revenue remained unchanged, while Japan declined by 2 percentage points [7] - Revenue from 22nm and 28nm technologies is expected to grow further in 2024, driven by the P6 facility [11] Company Strategy and Industry Competition - The company is focusing on product mix optimization and specialty technologies to maintain profitability [10] - UMC plans to introduce new specialty technologies to strengthen customer competitiveness and market positions [10] - The company expects demand to stabilize in Q4 2023, with cautious inventory management by customers [11] - UMC is expanding its 22nm and 28nm market share, particularly in applications like OLED drivers, Wi-Fi, and SoC processors [18] Management Commentary on Operating Environment and Future Outlook - Management noted a gradual stabilization in demand for PCs and smartphones, but automotive business conditions remain challenging [11] - For Q4 2023, wafer shipments are expected to decline by 5%, with flat ASPs and gross margins in the low 30% range [12] - The company anticipates increased revenue contributions from 22nm and 28nm technologies in 2024 [11] Other Important Information - CapEx for 2023 remains unchanged at $3 billion [8] - The company is monitoring market dynamics and adjusting pricing strategies, particularly in the 8-inch market [16][91] Q&A Session Summary Question: Factors affecting Q4 gross margin [13] - Answer: Q4 gross margin is expected to be in the low 30% range due to a decline in utilization rates and a 5% drop in shipments [14] Question: Pricing environment and competition [15] - Answer: UMC is aware of market dynamics and will adjust pricing for some segments, particularly in the 8-inch market, while maintaining pricing for 12-inch business [16] Question: 20nm competition and product opportunities [17] - Answer: UMC remains resilient in 22nm and 28nm markets, with plans to expand market share in applications like OLED drivers and Wi-Fi [18] Question: Segment-specific shipment decline in Q4 [20] - Answer: The decline is primarily attributed to the automotive market, while PC and smartphone demand remains stable [21] Question: Depreciation outlook [24] - Answer: Depreciation expenses are expected to increase in 2024 due to P6 expansion and new facility construction [25] Question: Long-term pricing strategy and LPA coverage [28] - Answer: UMC will maintain competitiveness through technology innovation, diversified capacity, and manufacturing excellence [29][30] Question: Capacity expansion plans [36] - Answer: UMC is ramping up P6 capacity and expects to reach design capacity by September 2024, with adjustments based on market dynamics [37] Question: 2024 revenue growth outlook [38] - Answer: UMC expects loading and wafer shipments to increase in 2024, but will provide quarterly guidance due to cautious customer behavior [39] Question: Gross margin outlook for 2024 [55] - Answer: Management aims to maintain profitability despite headwinds like rising depreciation and utility costs [57] Question: AI-related business opportunities [76] - Answer: UMC is preparing solutions for AI applications, including interposer technology, with capacity expected to double by Q1 2024 [77][78] Question: Wafer-to-wafer technology [81] - Answer: UMC is developing hybrid bonding technology for RF front-end modules, with expectations of future benefits [82] Question: Medium-term gross margin targets [85] - Answer: UMC aims to achieve gross margins in the high 30% to 40% range in high-loading situations [86] Question: 8-inch market evolution [89] - Answer: UMC expects 8-inch loading to improve with market recovery, but competition remains intense, particularly from 12-inch suppliers [91]

UNITED MICROELECTRONICS CORPORATION AND SUBSIDIARIES CONSOLIDATED FINANCIAL STATEMENTS WITH REPORT OF INDEPENDENT AUDITORS FOR THE SIX-MONTH PERIODS ENDED JUNE 30, 2023 AND 2022 Address: No. 3 Li-Hsin 2nd Road, Hsinchu Science Park, Hsinchu, Taiwan, R.O.C. Telephone: 886-3-578-2258 The reader is advised that these consolidated financial statements have been prepared originally in Chinese. In the event of a conflict between these financial statements and the original Chinese version or difference in interpre ...