UMC's revenue in June was NT $19.056 billion, increasing for four consecutive months

According to the Taiwan Media Central News Agency, the financial report released by the wafer foundry UMC shows that the company's revenue in June was NT $19.056 billion, growing for four consecutive months, with a monthly increase of 1.48%, the highest in five months and an annual decrease of 23.24%. In the second quarter, the revenue was NT $56.296 billion, an increase of approximately 3.85%. The cumulative revenue for the first six months was NT $110.506 billion, a decrease of 18.43% annually.

Looking ahead, UMC stated that there has been no strong recovery in demand in the third quarter. The company is expected to hold a corporate briefing on July 26th, which will explain the operating results of the second quarter and the outlook for the third quarter.

UMC previously said that because market demand is still depressed and customers continue to adjust inventory, there is no clear sign of recovery. It is expected that wafer shipments in the second quarter and the average U.S. dollar price (ASP) will remain stable in the first quarter, Gross margin is estimated to maintain 34~36%, growth rate is estimated to maintain about 71~73%, and annual capital expenditure remains unchanged at $3 billion. UMC General Manager Jian Shanjie recently stated at a shareholder meeting that inventory adjustments were ongoing in the first half of the year, but the progress was slower than expected, and there was no significant recovery in the second half of the year.