United Microelectronic Corp. - UMC STOCK NEWS

Cadence Design Systems (CDNS) and United Microelectronics Corporation (UMC) have announced successful customer adoption of their certified mmWave reference flow. Notably, Gear Radio Electronics achieved a first-pass silicon-accurate design for a low noise amplifier IC using UMC's 28HPC+ process technology and the Cadence RF solution. Their collaboration has resulted in faster turnaround times and improved design accuracy, supporting applications up to 110GHz. This initiative enhances RF design capabilities and exemplifies the effectiveness of their combined technology.

UMC (NYSE: UMC) has launched the Supply Chain Greenhouse Gas (GHG) Inventory Initiative to cut supply chain emissions by 20% by 2030. Unveiled during its annual supplier summit, the initiative will assist 500 suppliers in managing their emissions through a new GHG inventory platform. UMC plans to invest approximately NT$100 million (US$3.1 million) to support suppliers in setting reduction targets. The initiative follows UMC's previous success in reducing 409,000 tons of CO₂ equivalent from 2017 to 2020.

United Microelectronics Corporation (NYSE: UMC) reported net sales of NT$24,344,264 thousand for October 2022, marking a 27.07% increase from NT$19,158,585 thousand in October 2021. Year-to-date revenues from January to October 2022 reached NT$235,213,813 thousand, reflecting a 35.91% growth compared to NT$173,070,015 thousand in the same period last year. These results indicate strong performance in the semiconductor market and highlight UMC's growing presence.

United Microelectronics Corporation (UMC) reported impressive financial results for 3Q22, with revenues reaching NT$75.39 billion (US$2.38 billion), a 4.6% increase QoQ and a 34.9% rise YoY. The gross margin stood at 47.3%, while net income attributable to shareholders was NT$27 billion (US$851 million), translating to NT$2.19 earnings per share. The company noted a 100%+ capacity utilization rate and that 25% of revenue came from 22/28nm technologies. However, executives warned of potential demand weakness due to inflationary pressures and market corrections.

United Microelectronics Corporation (UMC) was awarded the title of “Best Silicon Foundry (CMOS)” by Infineon Technologies AG during the 2022 Global Supplier Day in Kuala Lumpur on October 13. This recognition highlights UMC's commitment to excellence in manufacturing and support for customers amid supply chain challenges. UMC has maintained a strong partnership with Infineon for over 20 years, focusing on high-quality IC fabrication services and technologies relevant to the automotive sector and emerging markets like 5G and AIoT.

United Microelectronics Corporation (NYSE: UMC) announced its unaudited net sales for September 2022, reporting revenues of NT$25,218,828,000. This reflects a significant increase of 34.5% from September 2021, when revenues were NT$18,750,564,000. For the period of January to September 2022, total revenues reached NT$210,869,549,000, marking a 37.01% year-over-year growth from NT$153,911,430,000 in the same period last year.

UMC has partnered with Avalanche Technology to launch its new High-Reliability Persistent SRAM (P-SRAM) memory devices using UMC's 22nm process technology. This product utilizes Avalanche's third-generation STT-MRAM technology, promoting enhanced density, reliability, and power efficiency. The devices feature over 10¹⁴ write cycle endurance and a 1,000-year data retention period, catering to applications that demand high durability without external batteries. UMC is positioned to capitalize on increasing demand for robust memory solutions.

United Microelectronics Corporation (UMC) reported unaudited net sales for August 2022, showcasing significant growth. Revenue for the month reached NT$25,346.1 million, up 34.89% from NT$18,790.0 million in August 2021. Year-to-date sales from January to August 2022 totaled NT$185,650.7 million, marking a 37.36% increase compared to NT$135,160.9 million for the same period in 2021. These results highlight UMC's strong market position and robust demand for its semiconductor products.

United Microelectronics Corporation (UMC) and Cadence Design Systems (CDNS) announced the certification of Cadence's analog/mixed-signal IC design flow for UMC's 22ULP/ULL process technologies. This collaboration enhances process efficiency and shortens design cycles for applications in 5G, IoT, and displays. UMC's 22nm technology focuses on ultra-low power and leakage, providing customers with a balance of cost and performance. The certified flow includes tools like the Virtuoso design platform and Spectre AMS Designer, aimed at boosting design efficiency.