China's chip champion SMIC reports slump in revenue, income for 2023 amid weak market, stiff competition [Yahoo! Finance]
United Microelectronics Corporation (NEW) (UMC)
US:NYSE Investor Relations:
umc.com/english/investors/index.asp
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Source: Yahoo! Finance
SMIC's revenue for the full year was US$6.32 billion, compared with US$7.27 billion in 2022. Net income for the latest year fell 50.4 per cent to US$902.5 million, according to results the company reported on Tuesday. The Shanghai-based chip maker attributed the slump to weak demand in the global market, rising industry inventory levels compounded by a slower pace of inventory reduction, as well as fierce competition in the semiconductor sector. Do you have questions about the biggest topics and trends from around the world? Get the answers with SCMP Knowledge , our new platform of curated content with explainers, FAQs, analyses and infographics brought to you by our award-winning team. Revenue for the fourth quarter of 2023 was an exception - up 3.5 per cent year-on-year to US$1.68 billion - driven partly by the strong demand for Huawei Technologies' Mate 60 series smartphone powered by a processor manufactured by SMIC. Total capital expenditure for 2023 was US$7.47 billion,
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News
- United Microelectronics Corporation (NYSE:UMC) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- UMC Files Form 20-F for 2023 with US Securities and Exchange CommissionBusiness Wire
- United Microelectronics Co. (NYSE: UMC) was upgraded by analysts at Citigroup Inc. from a "neutral" rating to a "buy" rating.MarketBeat
- UMC Reports First Quarter 2024 ResultsBusiness Wire
- United Microelectronics: The Worst Seems To Have Passed, Good Time To Jump Back In [Seeking Alpha]Seeking Alpha
UMC
Earnings
- 4/24/24 - Miss
UMC
Sec Filings
- 4/25/24 - Form 6-K
- 4/25/24 - Form 20-F
- 4/24/24 - Form 6-K
- UMC's page on the SEC website