UMC Reports Sales for July 2024

Rhea-AI Summary

United Microelectronics (UMC) has released its unaudited net sales report for July 2024. The company, listed on both NYSE and TWSE, reported significant growth in its monthly revenue. July 2024 sales reached NT$20,896,877,000, marking a 9.61% increase compared to the same month in 2023. The year-to-date figures from January to July 2024 also show positive momentum, with total revenues of NT$132,328,266,000, representing a 2.13% year-over-year growth. This performance indicates UMC's continued strength in the semiconductor industry and its ability to capitalize on market demand.

Positive

• July 2024 sales increased by 9.61% year-over-year to NT$20,896,877,000
• Year-to-date (Jan-July) 2024 revenues grew by 2.13% compared to the same period in 2023
• Consistent revenue growth indicates strong market demand for UMC's products

Negative

• None.

Insights

Financial Analyst

UMC's July 2024 sales figures reveal a robust 9.61% year-over-year growth, signaling strong demand for semiconductor manufacturing services. This outperforms the industry's average growth rate, potentially indicating market share gains or increased capacity utilization. However, the year-to-date growth of 2.13% suggests a more modest overall performance for 2024.

The monthly revenue of NT$20.9 billion is a significant milestone, reflecting UMC's continued expansion in the competitive foundry market. This growth amid global economic uncertainties demonstrates UMC's resilience and strategic positioning. Investors should monitor whether this momentum can be sustained in the coming months, as it could impact UMC's full-year outlook and market valuation.

Market Research Analyst

UMC's July performance indicates a positive trend in the semiconductor industry, potentially signaling a recovery from recent market slowdowns. The 9.61% year-over-year growth outpaces many competitors, suggesting UMC might be capitalizing on specific market segments or benefiting from geopolitical shifts in supply chains.

However, the more modest 2.13% year-to-date growth warrants caution. It's important to analyze whether July's strong performance is a turning point or an anomaly. Factors such as inventory corrections, end-market demand fluctuations and the impact of AI-driven chip demand could be influencing these results. Investors should closely monitor industry-wide trends and UMC's customer mix to gauge the sustainability of this growth trajectory.

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

Revenues for July 2024

Period	2024	2023	Y/Y Change	Y/Y (%)
July	20,896,877	19,063,918	1,832,959	9.61%
Jan.-July	132,328,266	129,569,773	2,758,493	2.13%

(*) 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/20240806497927/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 July 2024?

UMC reported unaudited net sales of NT$20,896,877,000 for July 2024.

How much did UMC's July 2024 sales increase compared to July 2023?

UMC's July 2024 sales increased by 9.61% compared to July 2023.

What is UMC's year-to-date revenue for 2024 as of July?

UMC's year-to-date revenue from January to July 2024 is NT$132,328,266,000.

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

UMC's year-to-date revenue for 2024 (Jan-July) shows a 2.13% increase compared to the same period in 2023.