UMC Reports Sales for December 2024

Rhea-AI Summary

United Microelectronics (NYSE: UMC) has released its unaudited sales figures for December 2024. The company reported revenues of NT$18.97 billion for December 2024, marking an 11.70% increase compared to December 2023's NT$16.98 billion.

For the full year 2024, UMC achieved total revenues of NT$232.30 billion, representing a 4.39% year-over-year growth from 2023's NT$222.53 billion.

Positive

• December 2024 revenue increased 11.70% year-over-year
• Full-year 2024 revenue grew 4.39% compared to 2023
• Consistent revenue growth maintained in both monthly and annual figures

Negative

• None.

Insights

Financial Analyst

UMC's December revenue figures reveal robust growth momentum, with monthly sales reaching NT$18.97 billion, marking a substantial 11.70% year-over-year increase. The full-year 2024 revenue of NT$232.30 billion represents a 4.39% growth compared to 2023, indicating resilience in the semiconductor foundry market.

The double-digit December growth significantly outpaces the annual growth rate, suggesting a strong finish to 2024 and potentially improved market conditions in the mature node semiconductor segment. This performance is particularly noteworthy given the cyclical nature of the semiconductor industry and previous market headwinds. The sequential improvement in growth rates could signal an upturn in the semiconductor cycle, especially in the mature node segment where UMC specializes.

Looking at the broader context, this growth trajectory positions UMC well against industry peers and reflects successful execution of their capacity expansion and technology advancement initiatives. The steady revenue increase, despite market volatility, demonstrates the company's operational stability and growing market share in specialty technology nodes.

Market Research Analyst

The semiconductor industry's demand patterns are showing signs of recovery, as evidenced by UMC's December performance. The 11.70% year-over-year growth in monthly revenue suggests improving capacity utilization rates and potentially stronger pricing power. This growth pattern aligns with broader industry indicators pointing toward a recovery in automotive, IoT and industrial segments, where UMC maintains significant exposure.

The modest but steady annual revenue growth of 4.39% throughout 2024 indicates market share stability and successful customer retention in a competitive landscape. When compared to historical cyclical patterns, these figures suggest UMC is navigating the current market phase effectively, particularly in maintaining growth momentum despite ongoing global semiconductor market adjustments.

The accelerated growth in December could be an early indicator of improving market dynamics for 2025, particularly in mature nodes where demand has remained relatively resilient. This performance data suggests UMC's strategic focus on specialty technologies and diversified customer base is yielding positive results.

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

Revenues for December 2024
Period	2024	2023	Y/Y Change	Y/Y (%)
December	18,965,818	16,979,226	1,986,592	11.70%
Jan.-Dec.	232,302,584	222,533,000	9,769,584	4.39%
(*) 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/20250106486773/en/

Michael Lin / David Wong

UMC, Investor Relations

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

Email: jinhong_lin@umc.com

david_wong@umc.com

Source: United Microelectronics Corporation

FAQ

What was UMC's revenue growth in December 2024 compared to December 2023?

UMC's revenue in December 2024 grew by 11.70% year-over-year, reaching NT$18.97 billion compared to NT$16.98 billion in December 2023.

How much revenue did UMC generate in full-year 2024?

UMC generated total revenue of NT$232.30 billion for the full year 2024.

What was UMC's year-over-year revenue growth rate for full-year 2024?

UMC's full-year 2024 revenue grew by 4.39% compared to 2023.

How much revenue did UMC report for December 2024?

UMC reported revenue of NT$18.97 billion for December 2024.