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UMC Reports First Quarter 2019 Results
Apr. 24, 2019 –
United Microelectronics Corporation (NYSE: UMC; TWSE: 2303) (UMC or The Company), a leading global semiconductor foundry, today announced its consolidated operating results for the first quarter of 2019.
First quarter consolidated revenue was NT$32.58 billion, down 8.3% QoQ from NT$35.52 billion in 4Q18 and declined 13.1% YoY from NT$37.50 billion in 1Q18. Consolidated gross margin for 1Q19 was 6.9%. Net income attributable to stockholders of the parent was NT$1.20 billion, with earnings per ordinary share of NT$0.10.
Jason Wang, co-president of UMC, said, In the first quarter, foundry revenue declined 8.3% QoQ to NT$32.56 billion, leading to a foundry operating loss of 4.6%. Utilization rate was 83%, bringing wafer shipments to 1.61 million 8-inch equivalent wafers. Although overall wafer demand declined during the first quarter, we observed stable wafer shipments from the wireless communications segment, solidified by smartphone related components such as display, RF, application processor and baseband modem. We continue to build on our promise of building shareholder value, and in Q1 our Board of Directors proposed to distribute a cash dividend of approximately NT$0.58 per share, subject to shareholder approval during the annual shareholder meeting (AGM).
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