UMC Reports Sales for June 2024

[Daniel Nenni]

July 04, 2024 02:00 AM Eastern Daylight Time
TAIPEI, Taiwan--(BUSINESS WIRE)--United Microelectronics Corporation (NYSE: UMC; TWSE: 2303) (“UMC”), today reported unaudited net sales for the month of June 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.

Contacts​

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

 

[Mooredaddy]

Unexpected to be honest. More competition in the lagging technologies or sign of something more?

 

[Daniel Nenni]

The automotive bubble is popping I would say. UMC was big in automotive. Plus no AI surge for UMC?

 

[Mooredaddy]

The automotive bubble is popping I would say. UMC was big in automotive. Plus no AI surge for UMC?

TSMC showed 0% automotive growth in Q1. So makes sense those further down the value chain would be struggling. I wonder if this is a good read through for global foundries and NXP.

 

[Barnsley]

Yeh , this having impact on us!

UMC need to up their game

 

[Daniel Nenni]

Which EV Maker Is Going Bankrupt Next?

Fisker has filed for bankruptcy, highlighting the ongoing struggles in the EV market, despite notable successes like Tesla's (NASDAQ: TSLA) Model Y. Other EV companies, including Lucid Motors, Faraday Future, Polestar, and Canoo, face significant financial challenges. While some, like Lucid and Polestar, have strong financial backers or growing product lines, others like Faraday Future and Canoo are seen as likely candidates for bankruptcy in the near future.

MSN

 

[Barnsley]

Which EV Maker Is Going Bankrupt Next?

Fisker has filed for bankruptcy, highlighting the ongoing struggles in the EV market, despite notable successes like Tesla's (NASDAQ: TSLA) Model Y. Other EV companies, including Lucid Motors, Faraday Future, Polestar, and Canoo, face significant financial challenges. While some, like Lucid and Polestar, have strong financial backers or growing product lines, others like Faraday Future and Canoo are seen as likely candidates for bankruptcy in the near future.

MSN

There will surely be consolidation in China, whether we hear about it who knows.
Slashing prices all over the place to get market share , that cannot be maintained