United Microelectronics Tops Q4 Consensus; Sees Market Demand to Exceed Supply

A woman watches a mask—a part used in wafer conception—at a show room of the 12-inch United Microelectronics Corp. (UMC) factory in Tainan, southern Taiwan, on 28 April 2006. Sam Yeh/AFP via Getty Images

United Microelectronics Corp. reported fourth-quarter FY21 revenue growth of 30.5 percent year-on-year to $2.14 billion, beating the consensus of $2.08 billion.

“In the fourth quarter, strong demand continued to drive full loading across our fabs, while overall wafer shipments grew 1.7 percent QoQ to 2.55 million 8-inch equivalents,” Co-President Jason Wang said.

Margin

The gross margin expanded 1,520 basis points to 39.1 percent.