Core Viewpoint - UMC's Q3 2025 financial results show a slight revenue increase and improved gross margin, driven by higher wafer shipments and capacity utilization [3][4][5] Financial Performance - Q3 2025 revenue reached NT$59.127 billion, a year-on-year decrease of 2.25% but a quarter-on-quarter increase of 0.63, primarily due to increased wafer shipments [3][4] - Gross margin for Q3 2025 was 29.8%, down 4.0 percentage points year-on-year but up 1.1 percentage points quarter-on-quarter, attributed to improved capacity utilization [3][4] - Net profit attributable to shareholders was NT$14.98 billion, reflecting a year-on-year increase of 3.52% and a quarter-on-quarter increase of 68.28% [3][4] Capacity and Utilization - UMC's Q3 2025 wafer shipments totaled 1 million 12-inch equivalent wafers, with a capacity utilization rate of 78%, up 2 percentage points from the previous quarter [3][4] - The company expects Q4 2025 capacity utilization to be around 75% [5][17] ASP and Market Segmentation - Average Selling Price (ASP) for Q3 2025 was $862 (equivalent to 8-inch), down 9.0% year-on-year and 6.7% quarter-on-quarter [3][4] - Revenue by industry for Q3 2025: Communications 42%, Consumer 29%, Computer 12%, Others 17% [4][5] Technology Node Performance - Revenue from 22nm technology exceeded 10% of total revenue, with 22/28nm nodes accounting for 35% of total revenue [4][5] - The company continues to focus on differentiating its 22nm technology platform, which is expected to contribute significantly to revenue growth in 2026 [16][17] Guidance and Future Outlook - For Q4 2025, UMC anticipates stable wafer shipments and ASP, with gross margin expected to be between 27% and 29% [5][17] - The company projects a low double-digit percentage growth in wafer shipments for the full year 2025, with 8-inch wafers expected to see high single-digit growth [5][17] - Capital expenditure for 2025 is maintained at $1.8 billion, with 90% allocated to 12-inch fabs and 10% to 8-inch fabs [5][15]