UMC Reports Sales for August 2024

Rhea-AI Summary

United Microelectronics (NYSE: UMC; TWSE: 2303) has reported its unaudited net sales for August 2024. The company's revenue for the month reached NT$20,645,494,000, marking a significant 8.94% year-over-year increase from August 2023. For the period from January to August 2024, UMC's cumulative revenue stood at NT$152,973,760,000, representing a 3.00% year-over-year growth. These figures demonstrate UMC's continued sales momentum and positive performance in the semiconductor industry.

Positive

• Revenue for August 2024 increased by 8.94% year-over-year to NT$20,645,494,000
• Cumulative revenue for Jan-Aug 2024 grew by 3.00% year-over-year to NT$152,973,760,000

Negative

• None.

Financial Analyst

UMC's August 2024 sales figures reveal a robust growth of 8.94% year-over-year, reaching NT$20.65 billion. This significant increase outpaces the year-to-date growth of 3.00%, suggesting a potential acceleration in the company's business momentum. The semiconductor industry often experiences cyclical trends and this uptick could indicate a positive shift in market dynamics.

However, it's important to consider the broader context. While monthly figures are encouraging, the more modest year-to-date growth implies that earlier months may have been less stellar. Investors should watch for sustained growth patterns in the coming months to confirm if this is a temporary spike or the beginning of a longer-term trend. Additionally, factors such as product mix, pricing strategies and capacity utilization rates would provide a more comprehensive picture of UMC's financial health.

Market Research Analyst

The 8.94% year-over-year growth in August sales for UMC is a positive indicator for the semiconductor industry. This outperformance suggests UMC might be gaining market share or benefiting from increased demand in specific sectors. The global chip shortage and the push for technological advancements in areas like 5G, AI and IoT could be driving factors.

However, it's important to note that single-month data can be volatile. The year-to-date growth of 3.00% provides a more balanced view of UMC's performance. Investors should monitor industry-wide trends, including demand from key end-markets like automotive and consumer electronics, as well as geopolitical factors affecting the semiconductor supply chain. UMC's performance relative to competitors and its position in high-growth segments will be important in assessing its long-term prospects in this dynamic market.

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

Revenues for August 2024

Period	2024	2023	Y/Y Change	Y/Y (%)
August	20,645,494	18,952,011	1,693,483	8.94%
Jan.-Aug.	152,973,760	148,521,784	4,451,976	3.00%

(*) 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/20240905406441/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 was UMC's revenue for August 2024?

UMC's revenue for August 2024 was NT$20,645,494,000.

How much did UMC's revenue grow in August 2024 compared to August 2023?

UMC's revenue grew by 8.94% in August 2024 compared to August 2023.

What was UMC's cumulative revenue for January-August 2024?

UMC's cumulative revenue for January-August 2024 was NT$152,973,760,000.

How does UMC's January-August 2024 revenue compare to the same period in 2023?

UMC's January-August 2024 revenue showed a 3.00% increase compared to the same period in 2023.