United Microelectronics faces stiff competition and currency headwinds, but its expanding portfolio and strong partnerships in the semiconductor sector offer growth potential.
TAIPEI, Taiwan--(BUSINESS WIRE)--United Microelectronics Corporation (NYSE: UMC; TWSE: 2303) (“UMC”) today reported unaudited net sales for the month of October 2024. Revenues for October 2024 Period 2024 2023 Y/Y Change Y/Y (%) October 21,371,110 19,191,382 2,179,728 11.36% Jan.-Oct. 193,287,584 186,766,104 6,521,480 3.49% (*) 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.
United Microelectronics Corporation (NYSE:UMC ) Q4 2024 Earnings Conference Call October 30, 2024 5:00 AM ET Company Participants Michael Lin - Head of IR Chi-Tung Liu - CFO Jason Wang - President Conference Call Participants Sunny Lin - UBS Gokul Hariharan - J.P. Morgan Laura Chen - Citi Charlie Chan - Morgan Stanley.
TAIPEI, Taiwan--(BUSINESS WIRE)--United Microelectronics Corporation (NYSE: UMC; TWSE: 2303) (“UMC” or “The Company”), a leading global semiconductor foundry, today announced its consolidated operating results for the third quarter of 2024. Third quarter consolidated revenue was NT$60.49 billion, increasing 6.5% from NT$56.80 billion in 2Q24. Compared to a year ago, 3Q24 revenue increased 6.0%. Consolidated gross margin for 3Q24 was 33.8%. Net income attributable to the shareholders of the pare.
United Microelectronics (UMC) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).
United Microelectronics (UMC) is technically in oversold territory now, so the heavy selling pressure might have exhausted. This along with strong agreement among Wall Street analysts in raising earnings estimates could lead to a trend reversal for the stock.
Investors interested in Electronics - Semiconductors stocks are likely familiar with United Microelectronics Corporation (UMC) and GlobalFoundries Inc. (GFS). But which of these two stocks offers value investors a better bang for their buck right now?
TAIPEI, Taiwan--(BUSINESS WIRE)--United Microelectronics Corporation (NYSE: UMC; TWSE: 2303) (“UMC”), today reported unaudited net sales for the month of September 2024. Revenues for September 2024 Period 2024 2023 Y/Y Change Y/Y (%) September 18,942,714 19,052,938 -110,224 -0.58% Jan.-Sep. 171,916,474 167,574,722 4,341,752 2.59% (*) All figures in thousands of New Taiwan Dollars (NT$), except for percentages. (**) All figures are consolidated Additional information about UMC is available on th.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Investors interested in stocks from the Electronics - Semiconductors sector have probably already heard of United Microelectronics Corporation (UMC) and GlobalFoundries Inc. (GFS). But which of these two stocks is more attractive to value investors?
SINGAPORE--(BUSINESS WIRE)--United Microelectronics Corporation (NYSE: UMC; TWSE: 2303) (“UMC”), a leading global semiconductor foundry, today signed a Memorandum of Understanding (MOU) with Ngee Ann Polytechnic (“NP”) to enhance training for engineering talents and expand the workforce for the growing semiconductor industry. In a ceremony held today, the MOU was signed by Michael Hsu, Vice President of Singapore Operations at UMC, and Tan Wei Lian, Director of School of Engineering at NP. The.
United Microelectronics Corporation's Q2 results show improved financials with a $1.75B revenue, a $0.17 GAAP EPS, and increased gross and operating margins, signaling a positive shift. The company's strong financial position, with $4B in cash and low debt, ensures stability and growth potential, even during market downturns. United Microelectronics' Q3 guidance predicts mid-single digit growth in wafer shipments and stable gross margins, with capacity utilization expected to rise to around 70%.