UMC Reports Fourth Quarter 2024 Results
UMC reported Q4 2024 revenue of NT$60.39 billion (US$1.84 billion), a 0.2% decrease QoQ but 9.9% increase YoY. The company achieved a gross margin of 30.4% and operating margin of 19.8%. Net income was NT$8.50 billion with EPS of NT$0.68.
The company's 22/28nm technology remained the largest contributor at 34% of wafer revenue, with 22nm revenue growing 15% in 2024. Capacity utilization rate was 70%, with wafer shipments increasing 1.5% QoQ to 909K.
For full year 2024, revenue grew 4.4% YoY to NT$232.30 billion. The company announced its 2025 CAPEX budget at US$1.8 billion, down from US$2.9 billion in 2024. Looking ahead to Q1 2025, UMC expects wafer shipments to remain flat, with ASP decreasing by mid-single digit percentage and gross margin projected to be higher than 25%.
UMC ha riportato un fatturato del Q4 2024 di NT$60,39 miliardi (US$1,84 miliardi), con una diminuzione dello 0,2% rispetto al trimestre precedente, ma un aumento del 9,9% anno su anno. La società ha raggiunto un margine lordo del 30,4% e un margine operativo del 19,8%. L'utile netto è stato di NT$8,50 miliardi con un EPS di NT$0,68.
La tecnologia 22/28nm dell'azienda ha continuato a essere il maggiore contributore, rappresentando il 34% dei ricavi dai wafer, con un aumento del 15% dei ricavi dai wafer a 22nm nel 2024. Il tasso di utilizzo della capacità è stato del 70%, con spese di wafer aumentate dell'1,5% rispetto al trimestre precedente, raggiungendo 909K.
Per l'intero anno 2024, il fatturato è cresciuto del 4,4% anno su anno, raggiungendo NT$232,30 miliardi. L'azienda ha annunciato il suo budget CAPEX per il 2025 a US$1,8 miliardi, in calo rispetto ai US$2,9 miliardi del 2024. Guardando al Q1 2025, UMC prevede che le spedizioni di wafer rimarranno stabili, con un ASP in diminuzione di una cifra singola media e un margine lordo previsto maggiore del 25%.
UMC reportó ingresos del Q4 2024 de NT$60,39 mil millones (US$1,84 mil millones), una disminución del 0,2% en comparación con el trimestre anterior, pero un aumento del 9,9% en comparación interanual. La compañía logró un margen bruto del 30,4% y un margen operativo del 19,8%. La ganancia neta fue de NT$8,50 mil millones con un EPS de NT$0,68.
La tecnología 22/28nm de la compañía siguió siendo el mayor contribuyente con el 34% de los ingresos por obleas, y los ingresos por obleas de 22nm crecieron un 15% en 2024. La tasa de utilización de capacidad fue del 70%, con envíos de obleas aumentando un 1,5% en comparación con el trimestre anterior, alcanzando 909K.
Para el año completo de 2024, los ingresos crecieron un 4,4% en comparación interanual, alcanzando NT$232,30 mil millones. La empresa anunció su presupuesto CAPEX para 2025 en US$1,8 mil millones, en comparación con US$2,9 mil millones en 2024. Mirando hacia el Q1 2025, UMC espera que los envíos de obleas se mantengan estables, con ASP disminuyendo en un porcentaje de un solo dígito medio y un margen bruto proyectado superior al 25%.
UMC는 2024년 4분기에 NT$60.39억 대만 달러(US$1.84억 달러)의 매출을 보고했으며, 전 분기 대비 0.2% 감소했지만 전년 대비 9.9% 증가했습니다. 회사는 30.4%의 총 이익률과 19.8%의 운영 이익률을 달성했습니다. 순이익은 NT$8.50억 대만 달러로, EPS는 NT$0.68입니다.
회사의 22/28nm 기술은 웨이퍼 매출의 34%를 차지하며 가장 큰 기여를 continued하고 있으며, 2024년에는 22nm 매출이 15% 성장하였습니다. 용량 활용률은 70%였으며, 웨이퍼 출하는 전 분기 대비 1.5% 증가하여 909K에 도달했습니다.
2024년 전체 연도에 대해, 매출은 전년 대비 4.4% 성장하여 NT$232.30억 대만 달러에 달했습니다. 회사는 2025년 CAPEX 예산을 US$1.8억 달러로 발표했으며, 이는 2024년의 US$2.9억 달러에서 감소한 수치입니다. 2025년 1분기를 예상하건대, UMC는 웨이퍼 출하량이 평준화될 것으로 보며, 평균 단일 가격이 감소하고 총 이익률은 25% 이상으로 예상됩니다.
UMC a annoncé un chiffre d'affaires pour le T4 2024 de NT$60,39 milliards (US$1,84 milliards), soit une baisse de 0,2% par rapport au trimestre précédent, mais une augmentation de 9,9% par rapport à l'année précédente. La société a réalisé une marge brute de 30,4% et une marge opérationnelle de 19,8%. Le bénéfice net s'est élevé à NT$8,50 milliards avec un EPS de NT$0,68.
La technologie 22/28nm de la société est restée le plus gros contributeur, représentant 34% des revenus des wafers, avec une croissance de 15% des revenus 22nm en 2024. Le taux d'utilisation de la capacité était de 70%, avec des expéditions de wafers en hausse de 1,5% par rapport au trimestre précédent, atteignant 909K.
Pour l'année complète 2024, le chiffre d'affaires a augmenté de 4,4% par rapport à l'année précédente, atteignant NT$232,30 milliards. La société a annoncé son budget CAPEX pour 2025 à US$1,8 milliards, en baisse par rapport à US$2,9 milliards en 2024. En regardant vers le premier trimestre 2025, UMC s'attend à ce que les expéditions de wafers restent stables, avec une baisse de l'ASP de pourcentage à un chiffre moyen et une marge brute prévue supérieure à 25%.
UMC hat einen Umsatz von NT$60,39 Milliarden (US$1,84 Milliarden) im Q4 2024 gemeldet, was einem Rückgang von 0,2% im Vergleich zum Vorquartal, aber einem Anstieg von 9,9% im Jahresvergleich entspricht. Das Unternehmen erzielte eine Bruttomarge von 30,4% und eine operative Marge von 19,8%. Der Nettogewinn betrug NT$8,50 Milliarden mit einem EPS von NT$0,68.
Die 22/28nm-Technologie des Unternehmens war weiterhin der größte Umsatzträger mit 34% des Waferumsatzes, wobei die Einnahmen aus 22nm im Jahr 2024 um 15% wuchsen. Die Kapazitätsauslastung betrug 70%, während die Waferlieferungen im Vergleich zum Vorquartal um 1,5% auf 909K stiegen.
Im Gesamtjahr 2024 wuchs der Umsatz im Jahresvergleich um 4,4% auf NT$232,30 Milliarden. Das Unternehmen gab sein CAPEX-Budget für 2025 mit US$1,8 Milliarden bekannt, was einen Rückgang gegenüber US$2,9 Milliarden im Jahr 2024 darstellt. Für das erste Quartal 2025 erwartet UMC, dass die Waferlieferungen stabil bleiben, wobei der ASP um mittlere einstellige Prozentzahlen sinkt und die Bruttomarge voraussichtlich über 25% liegen wird.
- Revenue increased 9.9% YoY to NT$60.39 billion in Q4
- 22/28nm revenue grew 15% in 2024
- Full year 2024 revenue increased 4.4% YoY
- Wafer shipments increased 1.5% QoQ to 909K
- Q4 revenue decreased 0.2% QoQ
- Gross margin declined from 33.8% in Q3 to 30.4% in Q4
- Net income decreased 41.3% QoQ to NT$8.50 billion
- Capacity utilization declined to 70% from 71% in Q3
- 2025 CAPEX reduced to US$1.8B from US$2.9B in 2024
Insights
UMC's Q4 2024 results demonstrate a mixed performance with some concerning trends. Revenue was relatively flat QoQ at
Critical metrics to note: The capacity utilization rate of 70% remains suboptimal, reflecting ongoing demand softness. The 22/28nm node contribution at
The Q1 2025 guidance points to continued pressure with ASP expected to decline mid-single digits and gross margins projected above
The technological positioning reveals both opportunities and challenges. The strong 22nm pipeline development is strategically sound, offering power and performance advantages over 28nm for next-gen networking and display applications. However, the complete absence of sub-14nm revenue highlights UMC's competitive limitations in leading-edge processes.
The geographical revenue shift is notable - North America share decreased to 25% while Asia Pacific remains dominant at
The planned Singapore Phase 3 expansion and 12nm collaboration demonstrate efforts to address supply chain resilience and technology advancement needs. However, with major competitors pushing toward more advanced nodes, UMC's focus on mature specialty processes may limit long-term growth potential in high-performance computing and AI applications.
Robust 22nm pipeline to fuel growth in 2025, strengthening company's foundry competitiveness
Fourth Quarter 2024 Overview1:
-
Revenue:
NT ($60.39 billion US )$1.84 billion -
Gross margin:
30.4% ; Operating margin:19.8% -
Revenue from 22/28nm:
34% -
Capacity utilization rate:
70% -
Net income attributable to shareholders of the parent:
NT ($8.50 billion US )$259 million -
Earnings per share:
NT ; earnings per ADS:$0.68 US $0.10 4
Fourth quarter consolidated revenue was
Jason Wang, co-president of UMC, said, “Our fourth-quarter results met guidance, with wafer shipments and utilization slightly exceeding expectations. For full year 2024, revenue grew
Co-president Wang commented, “Looking into 2025, the semiconductor market is poised for another year of growth, driven by strong demand for AI servers as well as increasing semiconductor content in smartphones, PCs, and other electronic devices. To capture opportunities in this fast-moving market, UMC continues to invest in technology innovation, developing industry-leading specialty solutions to ride the next wave of system upgrades and stay ahead of the competition. Building on our technology foundation, UMC is also actively expanding our advanced packaging offering to help unleash the potential of AI in the coming years. In conjunction with technology development, our key capacity expansion projects are progressing as planned. Our new Singapore Phase 3 fab will enhance customers’ supply chain resilience, while the 12nm collaboration with our
Co-president Wang added, “In the fourth quarter of 2024, we signed a major offshore wind purchase agreement, which is UMC’s largest renewable energy transaction to date. This agreement puts UMC well on track to achieving our goal of
Summary of Operating Results
Operating Results |
|||||||||||||||
(Amount: NT$ million) |
4Q24 |
3Q24 |
QoQ %
|
4Q23 |
YoY %
|
||||||||||
Operating Revenues |
60,386 |
|
60,485 |
|
(0.2 |
) |
54,958 |
|
9.9 |
|
|||||
Gross Profit |
18,343 |
|
20,429 |
|
(10.2 |
) |
17,806 |
|
3.0 |
|
|||||
Operating Expenses |
(6,748 |
) |
(6,559 |
) |
2.9 |
|
(6,635 |
) |
1.7 |
|
|||||
Net Other Operating Income and Expenses |
362 |
|
230 |
|
57.7 |
|
1,252 |
|
(71.1 |
) |
|||||
Operating Income |
11,957 |
|
14,100 |
|
(15.2 |
) |
12,423 |
|
(3.8 |
) |
|||||
Net Non-Operating Income and Expenses |
(1,443 |
) |
2,464 |
|
- |
|
2,227 |
|
- |
|
|||||
Net Income Attributable to Shareholders of the Parent |
8,497 |
|
14,472 |
|
(41.3 |
) |
13,195 |
|
(35.6 |
) |
|||||
EPS (NT$ per share) |
0.68 |
|
1.16 |
|
|
1.06 |
|
|
|||||||
(US$ per ADS) |
0.104 |
|
0.177 |
|
|
0.162 |
|
|
|||||||
Fourth quarter operating revenues declined
Earnings per ordinary share for the quarter was
Detailed Financials Section
Operating revenues decreased to
COGS & Expenses |
|||||||||||||||
(Amount: NT$ million) |
4Q24 |
3Q24 |
QoQ %
|
4Q23 |
YoY %
|
||||||||||
Operating Revenues |
60,386 |
|
60,485 |
|
(0.2 |
) |
54,958 |
|
9.9 |
|
|||||
COGS |
(42,043 |
) |
(40,056 |
) |
5.0 |
|
(37,152 |
) |
13.2 |
|
|||||
Depreciation |
(11,841 |
) |
(10,449 |
) |
13.3 |
|
(9,006 |
) |
31.5 |
|
|||||
Other Mfg. Costs |
(30,202 |
) |
(29,607 |
) |
2.0 |
|
(28,146 |
) |
7.3 |
|
|||||
Gross Profit |
18,343 |
|
20,429 |
|
(10.2 |
) |
17,806 |
|
3.0 |
|
|||||
Gross Margin (%) |
30.4 |
% |
33.8 |
% |
|
32.4 |
% |
|
|||||||
Operating Expenses |
(6,748 |
) |
(6,559 |
) |
2.9 |
|
(6,635 |
) |
1.7 |
|
|||||
Sales & Marketing |
(623 |
) |
(717 |
) |
(13.0 |
) |
(823 |
) |
(24.3 |
) |
|||||
G&A |
(1,791 |
) |
(1,820 |
) |
(1.6 |
) |
(1,930 |
) |
(7.2 |
) |
|||||
R&D |
(4,334 |
) |
(4,022 |
) |
7.8 |
|
(3,945 |
) |
9.9 |
|
|||||
Expected Credit Impairment gain (loss) |
0 |
|
(0 |
) |
- |
|
63 |
|
(99.4 |
) |
|||||
Net Other Operating Income & Expenses |
362 |
|
230 |
|
57.7 |
|
1,252 |
|
(71.1 |
) |
|||||
Operating Income |
11,957 |
|
14,100 |
|
(15.2 |
) |
12,423 |
|
(3.8 |
) |
|||||
Net non-operating expenses in 4Q24 was
Non-Operating Income and Expenses |
|||||||||
(Amount: NT$ million) |
4Q24 |
|
3Q24 |
4Q23 |
|||||
Non-Operating Income and Expenses |
(1,443 |
) |
2,464 |
|
2,227 |
|
|||
Net Interest Income and Expenses |
290 |
|
324 |
|
880 |
|
|||
Net Investment Gain and Loss |
(2,614 |
) |
2,791 |
|
1,750 |
|
|||
Exchange Gain and Loss |
877 |
|
(652 |
) |
(405 |
) |
|||
Other Gain and Loss |
4 |
|
1 |
|
2 |
|
|||
In 4Q24, cash inflow from operating activities was
Cash Flow Summary |
||||||
(Amount: NT$ million) |
For the 3-Month Period Ended Dec. 31, 2024 |
For the 3-Month Period Ended Sep. 30, 2024 |
||||
Cash Flow from Operating Activities |
32,977 |
|
17,347 |
|
||
Net income before tax |
10,514 |
|
16,564 |
|
||
Depreciation & Amortization |
13,463 |
|
12,702 |
|
||
Share of loss (profit) of associates and joint ventures |
1,800 |
|
(843 |
) |
||
Income tax paid |
(137 |
) |
(3,755 |
) |
||
Changes in working capital & others |
7,337 |
|
(7,321 |
) |
||
Cash Flow from Investing Activities |
(16,968 |
) |
(23,927 |
) |
||
Decrease (increase) in financial assets measured at amortized cost |
564 |
|
(1,988 |
) |
||
Acquisition of PP&E |
(18,275 |
) |
(21,729 |
) |
||
Acquisition of intangible assets |
(877 |
) |
(499 |
) |
||
Others |
1,620 |
|
289 |
|
||
Cash Flow from Financing Activities |
(14,305 |
) |
(12,750 |
) |
||
Bank loans |
(10,495 |
) |
25,050 |
|
||
Redemption of bonds |
(3,400 |
) |
- |
|
||
Cash dividends |
- |
|
(37,585 |
) |
||
Others |
(410 |
) |
(215 |
) |
||
Effect of Exchange Rate |
(111 |
) |
1,073 |
|
||
Net Cash Flow |
1,593 |
|
(18,257 |
) |
||
Beginning balance |
103,407 |
|
121,234 |
|
||
Changes in non-current assets held for sale |
- |
|
430 |
|
||
Ending balance |
105,000 |
|
103,407 |
|
||
Cash and cash equivalents increased to
Current Assets |
||||||
(Amount: NT$ billion) |
4Q24 |
3Q24 |
4Q23 |
|||
Cash and Cash Equivalents |
105.00 |
103.41 |
132.55 |
|||
Accounts Receivable |
33.34 |
33.74 |
29.59 |
|||
Days Sales Outstanding |
51 |
50 |
50 |
|||
Inventories, net |
35.78 |
38.09 |
35.71 |
|||
Days of Inventory |
80 |
85 |
89 |
|||
Total Current Assets |
189.68 |
193.61 |
216.80 |
|||
Current liabilities decreased to
Liabilities |
|||||||||
(Amount: NT$ billion) |
4Q24 |
3Q24 |
4Q23 |
||||||
Total Current Liabilities |
75.26 |
|
88.27 |
|
99.02 |
|
|||
Accounts Payable |
7.63 |
|
9.01 |
|
7.53 |
|
|||
Short-Term Credit / Bonds |
19.51 |
|
30.86 |
|
29.54 |
|
|||
Payables on Equipment |
10.52 |
|
14.89 |
|
19.20 |
|
|||
Other |
37.60 |
|
33.51 |
|
42.75 |
|
|||
Long-Term Credit / Bonds |
55.53 |
|
58.13 |
|
45.24 |
|
|||
Total Liabilities |
192.02 |
|
205.80 |
|
199.61 |
|
|||
Debt to Equity |
51 |
% |
56 |
% |
56 |
% |
|||
Analysis of Revenue2
Revenue from
Revenue Breakdown by Region |
|||||||||||||||
Region |
4Q24 |
3Q24 |
2Q24 |
1Q24 |
4Q23 |
||||||||||
|
25 |
% |
26 |
% |
25 |
% |
25 |
% |
23 |
% |
|||||
|
61 |
% |
65 |
% |
64 |
% |
63 |
% |
62 |
% |
|||||
|
11 |
% |
5 |
% |
7 |
% |
8 |
% |
11 |
% |
|||||
|
3 |
% |
4 |
% |
4 |
% |
4 |
% |
4 |
% |
|||||
Revenue contribution from 22/28nm slightly decreased to
Revenue Breakdown by Geometry |
|||||||||||||||
Geometry |
4Q24 |
3Q24 |
2Q24 |
1Q24 |
4Q23 |
||||||||||
14nm and below |
0 |
% |
0 |
% |
0 |
% |
0 |
% |
0 |
% |
|||||
14nm<x<=28nm |
34 |
% |
35 |
% |
33 |
% |
33 |
% |
36 |
% |
|||||
28nm<x<=40nm |
16 |
% |
13 |
% |
12 |
% |
14 |
% |
14 |
% |
|||||
40nm<x<=65nm |
16 |
% |
15 |
% |
15 |
% |
18 |
% |
16 |
% |
|||||
65nm<x<=90nm |
11 |
% |
10 |
% |
12 |
% |
10 |
% |
9 |
% |
|||||
90nm<x<=0.13um |
10 |
% |
10 |
% |
11 |
% |
9 |
% |
9 |
% |
|||||
0.13um<x<=0.18um |
9 |
% |
11 |
% |
10 |
% |
11 |
% |
9 |
% |
|||||
0.18um<x<=0.35um |
4 |
% |
5 |
% |
5 |
% |
4 |
% |
5 |
% |
|||||
0.5um and above |
0 |
% |
1 |
% |
2 |
% |
1 |
% |
2 |
% |
|||||
Revenue from fabless customers accounted for
Revenue Breakdown by Customer Type |
|||||||||||||||
Customer Type |
4Q24 |
3Q23 |
2Q23 |
1Q23 |
4Q22 |
||||||||||
Fabless |
84 |
% |
85 |
% |
87 |
% |
82 |
% |
78 |
% |
|||||
IDM |
16 |
% |
15 |
% |
13 |
% |
18 |
% |
22 |
% |
|||||
Revenue from the communication segment accounted for
Revenue Breakdown by Application (1) |
|||||||||||||||
Application |
4Q24 |
3Q24 |
2Q24 |
1Q24 |
4Q23 |
||||||||||
Computer |
13 |
% |
13 |
% |
15 |
% |
13 |
% |
13 |
% |
|||||
Communication |
39 |
% |
42 |
% |
39 |
% |
48 |
% |
47 |
% |
|||||
Consumer |
29 |
% |
31 |
% |
31 |
% |
23 |
% |
23 |
% |
|||||
Others |
19 |
% |
14 |
% |
15 |
% |
16 |
% |
17 |
% |
|||||
(1) Computer consists of ICs such as CPU, GPU, HDD controllers, DVD/CD-RW control ICs, PC chipset, audio codec, keyboard controller, monitor scaler, USB, I/O chipset, WLAN. Communication consists of handset components, broadband, bluetooth, Ethernet, LAN, DSP, etc. Consumer consists of ICs used for DVD players, DTV, STB, MP3/MP4, flash controller, game consoles, DSC, smart cards, toys, etc. |
Blended ASP Trend
Blended average selling price (ASP) remained flat in 4Q24.
(To view blended ASP trend, please click here for 4Q24 ASP)
Shipment and Utilization Rate3
Wafer shipments increased
Wafer Shipments |
|||||||||||||||
|
4Q24 |
3Q24 |
2Q24 |
1Q24 |
4Q23 |
||||||||||
Wafer Shipments
|
909 |
|
896 |
|
831 |
|
810 |
|
775 |
|
|||||
|
|||||||||||||||
Quarterly Capacity Utilization Rate |
|||||||||||||||
|
4Q24 |
3Q24 |
2Q24 |
1Q24 |
4Q23 |
||||||||||
Utilization Rate |
70 |
% |
71 |
% |
68 |
% |
65 |
% |
66 |
% |
|||||
Total Capacity
|
1,280 |
|
1,274 |
|
1,257 |
|
1,212 |
|
1,204 |
|
|||||
Capacity4
Total capacity in the fourth quarter increased to 1,280K 12-inch equivalent wafers. Capacity will decline in the first quarter of 2025 to 1,264K 12-inch equivalent wafers, reflecting the annual production maintenance across 8” and 12” facilities.
Annual Capacity in
|
|
Quarterly Capacity in
|
|||||||||||||||
FAB |
Geometry
|
2024 |
2023 |
2022 |
2021 |
|
FAB |
1Q25E |
4Q24 |
3Q24 |
2Q24 |
||||||
WTK |
6" |
5 – 0.15 |
331 |
|
328 |
|
335 |
|
329 |
|
|
WTK |
6" |
78 |
83 |
83 |
83 |
8A |
8" |
3 – 0.11 |
829 |
|
811 |
|
765 |
|
755 |
|
|
8A |
8" |
212 |
207 |
207 |
207 |
8C |
8" |
0.35 – 0.11 |
477 |
|
473 |
|
459 |
|
459 |
|
|
8C |
8" |
123 |
119 |
119 |
119 |
8D |
8" |
0.18 – 0.09 |
473 |
|
440 |
|
410 |
|
380 |
|
|
8D |
8" |
116 |
118 |
118 |
118 |
8E |
8" |
0.6 – 0.14 |
524 |
|
490 |
|
469 |
|
457 |
|
|
8E |
8" |
129 |
131 |
131 |
131 |
8F |
8" |
0.18 – 0.11 |
578 |
|
570 |
|
550 |
|
514 |
|
|
8F |
8" |
144 |
145 |
145 |
145 |
8S |
8" |
0.18 – 0.11 |
455 |
|
447 |
|
443 |
|
408 |
|
|
8S |
8" |
115 |
114 |
114 |
114 |
8N |
8" |
0.5 – 0.11 |
1,013 |
|
996 |
|
952 |
|
917 |
|
|
8N |
8" |
246 |
254 |
254 |
254 |
12A |
12" |
0.13 – 0.014 |
1,556 |
|
1,305 |
|
1,170 |
|
1,070 |
|
|
12A |
12" |
402 |
409 |
403 |
386 |
12i |
12" |
0.13 – 0.040 |
678 |
|
655 |
|
655 |
|
641 |
|
|
12i |
12" |
169 |
172 |
172 |
172 |
12X |
12" |
0.080 – 0.022 |
318 |
|
317 |
|
314 |
|
284 |
|
|
12X |
12" |
78 |
80 |
80 |
80 |
12M |
12" |
0.13 – 0.040 |
455 |
|
438 |
|
436 |
|
395 |
|
|
12M |
12" |
113 |
115 |
115 |
115 |
Total(1) |
5,022 |
|
4,674 |
|
4,458 |
|
4,201 |
|
|
Total |
1,264 |
1,280 |
1,274 |
1,257 |
|||
YoY Growth Rate |
7 |
% |
5 |
% |
6 |
% |
3 |
% |
|
|
|
|
|
|
|||
(1) One 6-inch wafer is converted into 0.25 (62/122) 12-inch equivalent wafer; one 8-inch wafer is converted into 0.44 (82/122) 12-inch equivalent wafers. Total capacity figures are expressed in 12-inch equivalent wafers.
CAPEX
CAPEX spending in 4Q24 totaled
Capital Expenditure by Year - in US$ billion |
|||||||||||||||
Year |
2024 |
2023 |
2022 |
2021 |
2020 |
||||||||||
CAPEX |
$ |
2.9 |
$ |
3.0 |
$ |
2.7 |
$ |
1.8 |
$ |
1.0 |
|||||
| 2025 CAPEX Plan | ||
8" |
12" |
Total |
|
|
|
Brief Summary of Full Year 2024 Consolidated Results
-
Consolidated revenue in NTD increased
4.4% YoY toNT , from$232.30 billion NT in 2023.$222.53 billion -
Gross profit decreased
2.7% , compared to a year ago, representing32.6% of 2024 revenue. -
Operating income decreased
10.8% year-on-year, accounting for22.2% of 2024 revenue. -
Net income attributable to shareholders of the parent decreased
22.6% toNT in 2024.$47.21 billion -
EPS was
NT , or EPADS of$3.80 US for 2024.$0.58 0 -
22/28nm revenue contribution accounted for
34% in 2024.
Operating Results |
|||||||||
(Amount: NT$ million) |
2024 |
2023 |
YoY %
|
||||||
Operating Revenues |
232,303 |
|
222,533 |
|
4.4 |
|
|||
Gross Profit |
75,654 |
|
77,744 |
|
(2.7 |
) |
|||
Operating Expenses |
(25,365 |
) |
(23,855 |
) |
6.3 |
|
|||
Net Other Operating Income and Expenses |
1,324 |
|
4,002 |
|
(66.9 |
) |
|||
Operating Income |
51,613 |
|
57,891 |
|
(10.8 |
) |
|||
Net Non-Operating Income and Expenses |
4,607 |
|
13,021 |
|
(64.6 |
) |
|||
Income Tax Expense |
(9,114 |
) |
(9,472 |
) |
(3.8 |
) |
|||
Net Income Attributable to Shareholders of the Parent |
47,211 |
|
60,990 |
|
(22.6 |
) |
|||
EPS (NT$ per share) |
3.80 |
|
4.93 |
|
|
||||
(US$ per ADS) |
0.580 |
|
0.752 |
|
|
||||
Annual Sales Breakdown in Revenue for Foundry Segment
Region |
2024 |
2023 |
||||
|
25 |
% |
27 |
% |
||
|
63 |
% |
57 |
% |
||
|
8 |
% |
11 |
% |
||
|
4 |
% |
5 |
% |
||
|
|
|
||||
Technology |
2024 |
2023 |
||||
14nm and below |
0 |
% |
0 |
% |
||
14nm<x<=28nm |
34 |
% |
31 |
% |
||
28nm<x<=40nm |
14 |
% |
14 |
% |
||
40nm<x<=65nm |
16 |
% |
19 |
% |
||
65nm<x<=90nm |
11 |
% |
10 |
% |
||
90nm<x<=0.13um |
10 |
% |
10 |
% |
||
0.13um<x<=0.18um |
10 |
% |
9 |
% |
||
0.18um<x<=0.35um |
4 |
% |
5 |
% |
||
0.5um and above |
1 |
% |
2 |
% |
||
|
|
|
||||
Customer Type |
2024 |
2023 |
||||
Fabless |
84 |
% |
78 |
% |
||
IDM |
16 |
% |
22 |
% |
||
|
|
|
||||
Application |
2024 |
2023 |
||||
Computer |
14 |
% |
11 |
% |
||
Communication |
42 |
% |
45 |
% |
||
Consumer |
28 |
% |
24 |
% |
||
Others |
16 |
% |
20 |
% |
||
First Quarter 2025 Outlook & Guidance
Quarter-over-Quarter Guidance:
- Wafer Shipments: Will remain flat
- ASP in USD: Will decrease by mid-single digit %
-
Gross Profit Margin: Will be higher than
25% with 0121 earthquake impact -
Capacity Utilization: approximately
70% -
2025 CAPEX:
US $1.8 billion
Recent Developments / Announcements
Oct. 30, 2024 |
||
Dec. 10, 2024 |
||
Dec. 17, 2024 |
||
Dec. 18, 2024 |
||
Jan. 14, 2025 |
UMC’s Flagship Fab Designated One of 189 Smart Manufacturing Lighthouses by the World Economic Forum |
Please visit UMC’s website for further details regarding the above announcements
Conference Call / Webcast Announcement
Tuesday, January 21, 2025
Time: 5:00 PM (
Dial-in numbers and Access Codes: |
|
|
Taiwan Number: |
02 3396 1191 |
|
Taiwan Toll Free: |
0080 119 6666 |
|
US Toll Free: |
+1 866 212 5567 |
|
Other Areas: |
+886 2 3396 1191 |
|
|
|
|
Access Code: |
3026521# |
A live webcast and replay of the 4Q24 results announcement will be available at www.umc.com under the “Investors / Events” section.
About UMC
UMC (NYSE: UMC, TWSE: 2303) is a leading global semiconductor foundry company. The company provides high-quality IC fabrication services, focusing on logic and various specialty technologies to serve all major sectors of the electronics industry. UMC’s comprehensive IC processing technologies and manufacturing solutions include Logic/Mixed-Signal, embedded High-Voltage, embedded Non-Volatile-Memory, RFSOI, BCD etc. Most of UMC’s 12-in and 8-in fabs with its core R&D are in
Safe Harbor Statements
This press release contains forward-looking statements within the meaning of Section 27A of the United States Securities Act of 1933, as amended, and Section 21E of the United States Securities Exchange Act of 1934, as amended, and as defined in
These forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual performance, financial condition or results of operations of UMC to be materially different from what is stated or may be implied in such forward-looking statements. Investors are cautioned that actual events and results could differ materially from those statements as a result of a number of factors including, but not limited to: (i) dependence upon the frequent introduction of new services and technologies based on the latest developments in the industry in which UMC operates; (ii) the intensely competitive semiconductor, communications, consumer electronics and computer industries and markets; (iii) the risks associated with international business activities; (iv) dependence upon key personnel; (v) general economic and political conditions; (vi) possible disruptions in commercial activities caused by natural and human-induced events and disasters, including natural disasters, terrorist activity, armed conflict and highly contagious diseases; (vii) reduced end-user purchases relative to expectations and orders; and (viii) fluctuations in foreign currency exchange rates. Further information regarding these and other risk factors is included in UMC’s filings with the United States Securities and Exchange Commission, including its Annual Report on Form 20-F. All information provided in this release is as of the date of this release and are based on assumptions that UMC believes to be reasonable as of this date, and UMC does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under applicable law.
The financial statements included in this release are prepared and published in accordance with Taiwan International Financial Reporting Standards, or TIFRSs, recognized by the Financial Supervisory Commission in the ROC, which is different from International Financial Reporting Standards, or IFRSs, issued by the International Accounting Standards Board. Investors are cautioned that there may be significant differences between TIFRSs and IFRSs. In addition, TIFRSs and IFRSs differ in certain significant respects from generally accepted accounting principles in the ROC and generally accepted accounting principles in
- FINANCIAL TABLES TO FOLLOW -
| UNITED MICROELECTRONICS CORPORATION AND SUBSIDIARIES | |||||||
| Consolidated Condensed Balance Sheet | |||||||
| As of December 31, 2024 | |||||||
| Figures in Millions of New Taiwan Dollars (NT$) and |
|||||||
| December 31, 2024 | |||||||
| US$ | NT$ | % | |||||
| Assets | |||||||
| Current assets | |||||||
| Cash and cash equivalents | 3,203 |
105,000 |
18.4 |
% |
|||
| Accounts receivable, net | 1,017 |
33,343 |
5.9 |
% |
|||
| Inventories, net | 1,092 |
35,782 |
6.3 |
% |
|||
| Other current assets | 474 |
15,553 |
2.7 |
% |
|||
| Total current assets | 5,786 |
189,678 |
33.3 |
% |
|||
| Non-current assets | |||||||
| Funds and investments | 2,212 |
72,495 |
12.7 |
% |
|||
| Property, plant and equipment | 8,513 |
279,059 |
48.9 |
% |
|||
| Right-of-use assets | 245 |
8,039 |
1.4 |
% |
|||
| Other non-current assets | 639 |
20,930 |
3.7 |
% |
|||
| Total non-current assets | 11,609 |
380,523 |
66.7 |
% |
|||
| Total assets | 17,395 |
570,201 |
100.0 |
% |
|||
| Liabilities | |||||||
| Current liabilities | |||||||
| Short-term loans | 260 |
8,515 |
1.5 |
% |
|||
| Payables | 1,392 |
45,625 |
8.0 |
% |
|||
| Current portion of long-term liabilities | 335 |
10,995 |
1.9 |
% |
|||
| Other current liabilities | 309 |
10,125 |
1.8 |
% |
|||
| Total current liabilities | 2,296 |
75,260 |
13.2 |
% |
|||
| Non-current liabilities | |||||||
| Bonds payable | 750 |
24,585 |
4.3 |
% |
|||
| Long-term loans | 944 |
30,949 |
5.4 |
% |
|||
| Lease liabilities, noncurrent | 176 |
5,783 |
1.0 |
% |
|||
| Other non-current liabilities | 1,692 |
55,439 |
9.8 |
% |
|||
| Total non-current liabilities | 3,562 |
116,756 |
20.5 |
% |
|||
| Total liabilities | 5,858 |
192,016 |
33.7 |
% |
|||
| Equity | |||||||
| Equity attributable to the parent company | |||||||
| Capital | 3,832 |
125,607 |
22.0 |
% |
|||
| Additional paid-in capital | 451 |
14,782 |
2.6 |
% |
|||
| Retained earnings and other components of equity | 7,246 |
237,539 |
41.7 |
% |
|||
| Total equity attributable to the parent company | 11,529 |
377,928 |
66.3 |
% |
|||
| Non-controlling interests | 8 |
257 |
0.0 |
% |
|||
| Total equity | 11,537 |
378,185 |
66.3 |
% |
|||
| Total liabilities and equity | 17,395 |
570,201 |
100.0 |
% |
|||
| Note：New Taiwan Dollars have been translated into |
|||||||
| UNITED MICROELECTRONICS CORPORATION AND SUBSIDIARIES | ||||||||||||||||||||||||||||||
| Consolidated Condensed Statements of Comprehensive Income | ||||||||||||||||||||||||||||||
| Figures in Millions of New Taiwan Dollars (NT$) and |
||||||||||||||||||||||||||||||
| Except Per Share and Per ADS Data | ||||||||||||||||||||||||||||||
| Year over Year Comparison | Quarter over Quarter Comparison | |||||||||||||||||||||||||||||
| Three-Month Period Ended | Three-Month Period Ended | |||||||||||||||||||||||||||||
| December 31, 2024 | December 31, 2023 | Chg. | December 31, 2024 | September 30, 2024 | Chg. | |||||||||||||||||||||||||
| US$ | NT$ | US$ | NT$ | % | US$ | NT$ | US$ | NT$ | % | |||||||||||||||||||||
| Operating revenues | 1,842 |
|
60,386 |
|
1,677 |
|
54,958 |
|
9.9 |
% |
1,842 |
|
60,386 |
|
1,845 |
|
60,485 |
|
(0.2 |
%) |
||||||||||
| Operating costs | (1,282 |
) |
(42,043 |
) |
(1,134 |
) |
(37,152 |
) |
13.2 |
% |
(1,282 |
) |
(42,043 |
) |
(1,222 |
) |
(40,056 |
) |
5.0 |
% |
||||||||||
| Gross profit | 560 |
|
18,343 |
|
543 |
|
17,806 |
|
3.0 |
% |
560 |
|
18,343 |
|
623 |
|
20,429 |
|
(10.2 |
%) |
||||||||||
30.4 |
% |
30.4 |
% |
32.4 |
% |
32.4 |
% |
30.4 |
% |
30.4 |
% |
33.8 |
% |
33.8 |
% |
|||||||||||||||
| Operating expenses | ||||||||||||||||||||||||||||||
| - Sales and marketing expenses | (19 |
) |
(623 |
) |
(25 |
) |
(823 |
) |
(24.3 |
%) |
(19 |
) |
(623 |
) |
(22 |
) |
(717 |
) |
(13.0 |
%) |
||||||||||
| - General and administrative expenses | (55 |
) |
(1,791 |
) |
(59 |
) |
(1,930 |
) |
(7.2 |
%) |
(55 |
) |
(1,791 |
) |
(55 |
) |
(1,820 |
) |
(1.6 |
%) |
||||||||||
| - Research and development expenses | (132 |
) |
(4,334 |
) |
(120 |
) |
(3,945 |
) |
9.9 |
% |
(132 |
) |
(4,334 |
) |
(123 |
) |
(4,022 |
) |
7.8 |
% |
||||||||||
| - Expected credit impairment gain (loss) | 0 |
|
0 |
|
2 |
|
63 |
|
(99.4 |
%) |
0 |
|
0 |
|
(0 |
) |
(0 |
) |
- |
|
||||||||||
| Subtotal | (206 |
) |
(6,748 |
) |
(202 |
) |
(6,635 |
) |
1.7 |
% |
(206 |
) |
(6,748 |
) |
(200 |
) |
(6,559 |
) |
2.9 |
% |
||||||||||
| Net other operating income and expenses | 11 |
|
362 |
|
38 |
|
1,252 |
|
(71.1 |
%) |
11 |
|
362 |
|
7 |
|
230 |
|
57.7 |
% |
||||||||||
| Operating income | 365 |
|
11,957 |
|
379 |
|
12,423 |
|
(3.8 |
%) |
365 |
|
11,957 |
|
430 |
|
14,100 |
|
(15.2 |
%) |
||||||||||
19.8 |
% |
19.8 |
% |
22.6 |
% |
22.6 |
% |
19.8 |
% |
19.8 |
% |
23.3 |
% |
23.3 |
% |
|||||||||||||||
| Net non-operating income and expenses | (44 |
) |
(1,443 |
) |
68 |
|
2,227 |
|
- |
|
(44 |
) |
(1,443 |
) |
75 |
|
2,464 |
|
- |
|
||||||||||
| Income from continuing operations before income tax | 321 |
|
10,514 |
|
447 |
|
14,650 |
|
(28.2 |
%) |
321 |
|
10,514 |
|
505 |
|
16,564 |
|
(36.5 |
%) |
||||||||||
17.4 |
% |
17.4 |
% |
26.7 |
% |
26.7 |
% |
17.4 |
% |
17.4 |
% |
27.4 |
% |
27.4 |
% |
|||||||||||||||
| Income tax expense | (63 |
) |
(2,054 |
) |
(45 |
) |
(1,457 |
) |
41.0 |
% |
(63 |
) |
(2,054 |
) |
(64 |
) |
(2,122 |
) |
(3.2 |
%) |
||||||||||
| Net income | 258 |
|
8,460 |
|
402 |
|
13,193 |
|
(35.9 |
%) |
258 |
|
8,460 |
|
441 |
|
14,442 |
|
(41.4 |
%) |
||||||||||
14.0 |
% |
14.0 |
% |
24.0 |
% |
24.0 |
% |
14.0 |
% |
14.0 |
% |
23.9 |
% |
23.9 |
% |
|||||||||||||||
| Other comprehensive income (loss) | 39 |
|
1,270 |
|
(116 |
) |
(3,808 |
) |
- |
|
39 |
|
1,270 |
|
(71 |
) |
(2,299 |
) |
- |
|
||||||||||
| Total comprehensive income (loss) | 297 |
|
9,730 |
|
286 |
|
9,385 |
|
3.7 |
% |
297 |
|
9,730 |
|
370 |
|
12,143 |
|
(19.9 |
%) |
||||||||||
| Net income attributable to: | ||||||||||||||||||||||||||||||
| Shareholders of the parent | 259 |
|
8,497 |
|
403 |
|
13,195 |
|
(35.6 |
%) |
259 |
|
8,497 |
|
441 |
|
14,472 |
|
(41.3 |
%) |
||||||||||
| Non-controlling interests | (1 |
) |
(37 |
) |
(1 |
) |
(2 |
) |
1,752.1 |
% |
(1 |
) |
(37 |
) |
(0 |
) |
(30 |
) |
21.8 |
% |
||||||||||
| Comprehensive income (loss) attributable to: | ||||||||||||||||||||||||||||||
| Shareholders of the parent | 298 |
|
9,767 |
|
286 |
|
9,387 |
|
4.0 |
% |
298 |
|
9,767 |
|
371 |
|
12,173 |
|
(19.8 |
%) |
||||||||||
| Non-controlling interests | (1 |
) |
(37 |
) |
(0 |
) |
(2 |
) |
1,712.8 |
% |
(1 |
) |
(37 |
) |
(1 |
) |
(30 |
) |
21.9 |
% |
||||||||||
| Earnings per share-basic | 0.021 |
|
0.68 |
|
0.032 |
|
1.06 |
|
0.021 |
|
0.68 |
|
0.035 |
|
1.16 |
|
||||||||||||||
| Earnings per ADS (2) | 0.104 |
|
3.40 |
|
0.162 |
|
5.30 |
|
0.104 |
|
3.40 |
|
0.177 |
|
5.80 |
|
||||||||||||||
| Weighted average number of shares outstanding (in millions) | 12,481 |
|
12,414 |
|
12,481 |
|
12,436 |
|
||||||||||||||||||||||
| Notes: | ||||||||||||||||||||||||||||||
| (2) 1 ADS equals 5 common shares. | ||||||||||||||||||||||||||||||
| UNITED MICROELECTRONICS CORPORATION AND SUBSIDIARIES | ||||||||||||||||||
| Consolidated Condensed Statements of Comprehensive Income | ||||||||||||||||||
| Figures in Millions of New Taiwan Dollars (NT$) and |
||||||||||||||||||
| Except Per Share and Per ADS Data | ||||||||||||||||||
| For the Three-Month Period Ended | For the Twelve-Month Period Ended | |||||||||||||||||
| December 31, 2024 | December 31, 2024 | |||||||||||||||||
| US$ | NT$ | % | US$ | NT$ | % | |||||||||||||
| Operating revenues | 1,842 |
|
60,386 |
|
100.0 |
% |
7,087 |
|
232,303 |
|
100.0 |
% |
||||||
| Operating costs | (1,282 |
) |
(42,043 |
) |
(69.6 |
%) |
(4,779 |
) |
(156,649 |
) |
(67.4 |
%) |
||||||
| Gross profit | 560 |
|
18,343 |
|
30.4 |
% |
2,308 |
|
75,654 |
|
32.6 |
% |
||||||
| Operating expenses | ||||||||||||||||||
| - Sales and marketing expenses | (19 |
) |
(623 |
) |
(1.0 |
%) |
(82 |
) |
(2,701 |
) |
(1.2 |
%) |
||||||
| - General and administrative expenses | (55 |
) |
(1,791 |
) |
(3.0 |
%) |
(218 |
) |
(7,118 |
) |
(3.0 |
%) |
||||||
| - Research and development expenses | (132 |
) |
(4,334 |
) |
(7.2 |
%) |
(476 |
) |
(15,616 |
) |
(6.7 |
%) |
||||||
| - Expected credit impairment gain | 0 |
|
0 |
|
0.0 |
% |
2 |
|
70 |
|
0.0 |
% |
||||||
| Subtotal | (206 |
) |
(6,748 |
) |
(11.2 |
%) |
(774 |
) |
(25,365 |
) |
(10.9 |
%) |
||||||
| Net other operating income and expenses | 11 |
|
362 |
|
0.6 |
% |
41 |
|
1,324 |
|
0.5 |
% |
||||||
| Operating income | 365 |
|
11,957 |
|
19.8 |
% |
1,575 |
|
51,613 |
|
22.2 |
% |
||||||
| Net non-operating income and expenses | (44 |
) |
(1,443 |
) |
(2.4 |
%) |
140 |
|
4,607 |
|
2.0 |
% |
||||||
| Income from continuing operations before income tax | 321 |
|
10,514 |
|
17.4 |
% |
1,715 |
|
56,220 |
|
24.2 |
% |
||||||
| Income tax expense | (63 |
) |
(2,054 |
) |
(3.4 |
%) |
(278 |
) |
(9,114 |
) |
(3.9 |
%) |
||||||
| Net income | 258 |
|
8,460 |
|
14.0 |
% |
1,437 |
|
47,106 |
|
20.3 |
% |
||||||
| Other comprehensive income (loss) | 39 |
|
1,270 |
|
2.1 |
% |
253 |
|
8,301 |
|
3.6 |
% |
||||||
| Total comprehensive income (loss) | 297 |
|
9,730 |
|
16.1 |
% |
1,690 |
|
55,407 |
|
23.9 |
% |
||||||
| Net income attributable to: | ||||||||||||||||||
| Shareholders of the parent | 259 |
|
8,497 |
|
14.1 |
% |
1,440 |
|
47,211 |
|
20.3 |
% |
||||||
| Non-controlling interests | (1 |
) |
(37 |
) |
(0.1 |
%) |
(3 |
) |
(105 |
) |
(0.0 |
%) |
||||||
| Comprehensive income (loss) attributable to: | ||||||||||||||||||
| Shareholders of the parent | 298 |
|
9,767 |
|
16.2 |
% |
1,693 |
|
55,512 |
|
23.9 |
% |
||||||
| Non-controlling interests | (1 |
) |
(37 |
) |
(0.1 |
%) |
(3 |
) |
(105 |
) |
(0.0 |
%) |
||||||
| Earnings per share-basic | 0.021 |
|
0.68 |
|
0.116 |
|
3.80 |
|
||||||||||
| Earnings per ADS (2) | 0.104 |
|
3.40 |
|
0.580 |
|
19.00 |
|
||||||||||
| Weighted average number of shares outstanding (in millions) | 12,481 |
|
12,437 |
|
||||||||||||||
| Notes: | ||||||||||||||||||
| (2) 1 ADS equals 5 common shares. | ||||||||||||||||||
| UNITED MICROELECTRONICS CORPORATION AND SUBSIDIARIES | ||||||
| Consolidated Condensed Statement of Cash Flows | ||||||
| For The Twelve-Month Period Ended December 31, 2024 | ||||||
| Figures in Millions of New Taiwan Dollars (NT$) and |
||||||
| US$ | NT$ | |||||
| Cash flows from operating activities : | ||||||
| Net income before tax | 1,715 |
|
56,220 |
|
||
| Depreciation & Amortization | 1,469 |
|
48,168 |
|
||
| Share of profit of associates and joint ventures | (13 |
) |
(411 |
) |
||
| Income tax paid | (304 |
) |
(9,976 |
) |
||
| Changes in working capital & others | (3 |
) |
(129 |
) |
||
| Net cash provided by operating activities | 2,864 |
|
93,872 |
|
||
| Cash flows from investing activities : | ||||||
| Acquisition of property, plant and equipment | (2,701 |
) |
(88,544 |
) |
||
| Acquisition of intangible assets | (85 |
) |
(2,799 |
) |
||
| Others | 164 |
|
5,402 |
|
||
| Net cash used in investing activities | (2,622 |
) |
(85,941 |
) |
||
| Cash flows from financing activities : | ||||||
| Decrease in short-term loans | (153 |
) |
(5,015 |
) |
||
| Redemption of bonds | (259 |
) |
(8,500 |
) |
||
| Proceeds from long-term loans | 1,107 |
|
36,286 |
|
||
| Repayments of long-term loans | (705 |
) |
(23,108 |
) |
||
| Cash dividends | (1,147 |
) |
(37,586 |
) |
||
| Others | (39 |
) |
(1,277 |
) |
||
| Net cash used in financing activities | (1,196 |
) |
(39,200 |
) |
||
| Effect of exchange rate changes on cash and cash equivalents | 113 |
|
3,715 |
|
||
| Net decrease in cash and cash equivalents | (841 |
) |
(27,554 |
) |
||
| Cash and cash equivalents at beginning of period | 4,044 |
|
132,554 |
|
||
| Cash and cash equivalents at end of period | 3,203 |
|
105,000 |
|
||
| Note: New Taiwan Dollars have been translated into |
||||||
__________________________
1 Unless otherwise stated, all financial figures discussed in this announcement are prepared in accordance with TIFRSs recognized by Financial Supervisory Commission in the ROC, which is different from IFRSs issued by the International Accounting Standards Board. They represent comparisons among the three-month period ending December 31, 2024, the three-month period ending September 30, 2024, and the equivalent three-month period that ended December 31, 2023. For all 4Q24 results, New Taiwan Dollar (NT$) amounts have been converted into
2 Revenue in this section represents wafer sales
3 Utilization Rate = Quarterly Wafer Out / Quarterly Capacity
4 Estimated capacity numbers are based on calculated maximum output rather than designed capacity. The actual capacity numbers may differ depending upon equipment delivery schedules, pace of migration to more advanced process technologies, and other factors affecting production ramp-up.
View source version on businesswire.com: https://www.businesswire.com/news/home/20250121293936/en/
Michael Lin / David Wong
UMC, Investor Relations
+ 886-2-2658-9168, ext. 16900
jinhong_lin@umc.com
david_wong@umc.com
Source: United Microelectronics Corporation
FAQ
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