UMC Reports Sales for April 2024

Rhea-AI Summary

United Microelectronics (UMC) reported unaudited net sales for April 2024, showing a 6.93% year-over-year increase in revenues. The company also disclosed a 2.34% growth for the January to April period compared to the same period in 2023.

Positive

• UMC's net sales for April 2024 increased by 6.93% year-over-year, indicating healthy revenue growth.

• The company saw a 2.34% growth in revenues for the January to April 2024 period compared to the same period in 2023, showing consistent performance.

Negative

• None.

Insights

Financial Analyst

The reported year-over-year growth of 6.93% in April's revenue indicates that United Microelectronics Corporation (UMC) continues to expand its sales amidst a competitive semiconductor market. While this increase is a positive sign, it's important to understand the nuances behind the numbers. The semiconductor industry is known for its cyclicality and sales can be influenced by various external factors, including economic conditions and industry demand cycles.

Comparing the first four months of 2024 with the same period in 2023, UMC's sales have grown by 1,702,607 thousand NT$, which is a 2.34% increase. This moderate growth could suggest that UMC is maintaining a steady trajectory in sales, even though the percentage increase is not as substantial as for the month of April alone. Stakeholders should consider the consistency of this growth pattern in assessing UMC's short-term and long-term business stability.

Market Research Analyst

UMC's financial performance can also be contextualized within the broader semiconductor industry trends. As a retail investor, understanding the market dynamics is essential. The demand for semiconductors has been experiencing fluctuations due to the ongoing transformations in the tech industry, such as the rise of the Internet of Things (IoT) and artificial intelligence (AI). UMC's ability to keep up with these trends and meet market demand is important for sustained revenue growth.

Additionally, the company's position within the global supply chain and its operational efficiency play a significant role in driving sales. It's imperative for investors to track how UMC compares to its peers in operational performance and market share to assess the company's competitive stance and potential future growth.

TAIPEI, Taiwan--(BUSINESS WIRE)-- United Microelectronics Corporation (NYSE: UMC; TWSE: 2303) (“UMC”), today reported unaudited net sales for the month of April 2024.

Revenues for April 2024

Period	2024	2023	Y/Y Change	Y/Y (%)
April	19,741,391	18,461,436	1,279,955	6.93%
Jan.-Apr.	74,373,490	72,670,883	1,702,607	2.34%

(*) All figures in thousands of New Taiwan Dollars (NT$), except for percentages.

(**) All figures are consolidated

Additional information about UMC is available on the web at https://www.umc.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240506642523/en/

Michael Lin / David Wong

UMC, Investor Relations

Tel: + 886-2-2658-9168, ext. 16900

Email: david_wong@umc.com

jinhong_lin@umc.com

Source: United Microelectronics Corporation

FAQ

What did UMC report for April 2024?

UMC reported unaudited net sales for April 2024, showing a 6.93% year-over-year increase in revenues.

How did UMC's sales performance compare to the previous year?

UMC's sales in April 2024 increased by 6.93% compared to April 2023, demonstrating growth.

Where can I find additional information about UMC?

Additional information about UMC is available on their website at https://www.umc.com.