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An update from United Micro ( (UMC) ) is now available.
On January 21, 2025, United Microelectronics Corporation reported its consolidated operating results for the fourth quarter of 2024, revealing a revenue of NT$60.39 billion and a significant 9.9% increase compared to the same quarter the previous year. The company met its guidance with a gross margin of 30.4% and a net income attributable to shareholders of NT$8.50 billion. UMC’s focus on its 22/28nm technology contributed significantly to its revenue, and the company plans to leverage this with further investments in technological innovation and capacity expansion to capture upcoming opportunities in the semiconductor market, particularly driven by AI and increased semiconductor content in electronic devices. UMC is also advancing its commitment to sustainability, having signed its largest renewable energy transaction in Q4 to achieve 50% renewable energy use by 2030 and maintaining a top ranking in the semiconductor industry in the Dow Jones Sustainability Indices.
More about United Micro
United Microelectronics Corporation (UMC) is a leading global semiconductor foundry headquartered in Hsinchu, Taiwan. The company specializes in manufacturing integrated circuits using advanced technologies, with a strong focus on the 22nm and 28nm process nodes, catering to sectors such as communication, consumer, and computer electronics.
YTD Price Performance: -3.83%
Average Trading Volume: 11,555,595
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $16.44B
For a thorough assessment of UMC stock, go to TipRanks’ Stock Analysis page.
