| Ticker | Status | Jurisdiction | Filing Date | CP Start | CP End | CP Loss | Deadline |
|---|
| Ticker | Case Name | Status | CP Start | CP End | Deadline | Settlement Amt |
|---|
| Ticker | Name | Date | Analyst Firm | Up/Down | Target ($) | Rating Change | Rating Current |
|---|
On Wednesday, United Microelectronics Corporation (NYSE:UMC) said its sales in February fell 3.07% Y/Y to NT$17.45 billion.
Revenues for the period Jan-Feb fell 0.15% to NT$36.464 billion. Total revenues in February slumped 8.2% from January revenues.
Quarter-over-quarter, UMC expects first-quarter wafer shipments to increase by approximately 2%-3% and ASP in USD to decrease by 5%.
UMC expects a 2024 capex of $3.3 billion. It expects capacity utilization in the low 60% range.
While reporting fourth-quarter results on January 31, Jason Wang, co-president of UMC, said, “Looking into the first quarter of 2024, we anticipate overall wafer demand will increase mildly, however, customers maintain a cautious approach in their inventory management.”
Last year, the company initiated the W2W (wafer-to-wafer) 3D IC project in collaboration with partners to help customers accelerate the production of their 3D products.
Price Action: UMC shares closed lower by 1.29% to $7.64 on Tuesday.
Posted In: UMC
