United Micro (UMC) has released an update.
United Microelectronics Corporation (UMC) reported a second-quarter revenue increase of 4.0% year-over-year and a gross margin of 35.2%, with a net income of NT$13.79 billion. The company observed a rise in wafer shipments and fab utilization, driven by demand in the consumer segment, and announced innovative technology updates. Despite upcoming cost challenges, UMC anticipates continued growth and remains committed to its net-zero by 2050 goal.
For further insights into UMC stock, check out TipRanks’ Stock Analysis page.
