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TAIPEI, Taiwan--(BUSINESS WIRE)--United Microelectronics Corporation (NYSE: UMC; TWSE: 2303) (“UMC”), today reported unaudited net sales for the month of April 2024.
(*) 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.
Certainly good news. Globalfoundries also posted a good quarter:
Key First Quarter Financial Highlights
-Revenue of $1.549 billion
-Gross margin of 25.4% and Non-IFRS gross margin(1) of 26.1%
-Operating margin of 9.5% and Non-IFRS operating margin(1) of 12.1%
-Net income of $134 million and Non-IFRS net income(1) of $174 million
-Non-IFRS EBITDA(1) of $577 million
-Cash, cash equivalents and marketable securities of $4.2 billion
The semiconductor industry on a whole is doing well in regards to revenue. Experts think we will see high single digit growth but that is heavy on ASPs. Actual unit count is not growing which is bad for the foundries. As a result, Malcolm Penn adjusted his forecast down a bit this morning. Even so, TSMC is still forecasting 10-20% growth in 2024. Exciting times in the semiconductor industry, absolutely.
