UMC Reports Sales for July 2023 -23.21%

[Daniel Nenni]

TAIPEI, Taiwan--(BUSINESS WIRE)--United Microelectronics Corporation (NYSE: UMC; TWSE: 2303) (“UMC”), today reported unaudited net sales for the month of July 2023.

(*) 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.

Contacts​

Michael Lin / David Wong
UMC, Investor Relations
Tel: + 886-2-2658-9168, ext. 16900
Email:
david_wong@umc.com
jinhong_lin@umc.com

 

[Daniel Nenni]

TSMC will be -10% for 2023 and UMC around -20%?

GF Q1 2023 is -12% behind Q4 2022. I can't imagine Q2 being any better than that:

Key First Quarter Financial Highlights​

Revenue of $1,841 million.
Gross margin of 28.0% and adjusted gross margin(1) of 28.5%.
Operating margin of 15.8% and adjusted operating margin(1) of 17.7%.
Net income of $254 million and adjusted net income(1) of $290 million.
Adjusted EBITDA(1) of $655 million.
Cash, cash equivalents and marketable securities of $3,232 million.

"In the first quarter, amidst a continued uncertain macroeconomic and cyclical backdrop, GF delivered solid results that are consistent with the guidance we provided in our February earnings release," said Dr. Thomas Caulfield, president and CEO of GF. "Despite a challenging business environment, GF’s gross margins for the quarter have increased year-over-year due to our continued disciplined focus on profitability by our global team who effectively manage costs, while driving a richer mix of business to our customers. As we look to the remainder of 2023, we will continue to support our customers’ needs, by investing in capacity to strengthen our differentiated solutions, increase our focus on growing end markets and drive value for our stakeholders."