Shulou(Shulou.com)11/24 Report--

CTOnews.com, January 17, according to the Taiwan Industrial and Commercial Times, the wafer foundry held a legal meeting yesterday. Although the fourth quarter of last year was affected by the elimination of semiconductor inventory, resulting in a decrease in capacity utilization, last year's consolidated revenue of 278.705 billion New Taiwan dollars (currently about 61.873 billion yuan) and after-tax net profit belonging to the parent company reached a record high of 87.198 billion New Taiwan dollars (currently about 19.358 billion yuan).

Due to customers' active inventory adjustment, UMC's wafer shipments are expected to decrease by 17% wafer shipments in the first quarter compared with the previous quarter, and the growth rate is expected to drop to 70%, but the wafer foundry price remains unchanged.

In response to the current downturn, UMC has implemented strict cost control measures and delayed some capital expenditure as much as possible, but in the medium to long term, it is still expected that structural capacity shortages in mature processes will gradually emerge after the second half of the year. UMC extended some of its capital expenditure to this year in the second half of last year, so it fell to $2.7 billion last year (currently about 18.171 billion yuan), but increased to $3 billion this year (currently about 20.19 billion yuan).

According to the view of the industry, in the case of poor demand, even price cuts will not stimulate more demand, so manufacturers may choose to lower the crop growth rate and control output in order to maintain prices.

CTOnews.com learned that financial data show that UMC's revenue in December 2022 was NT $20.946 billion (currently about 4.65 billion yuan), down 7.1% from the previous month and 3.3% from a year earlier, falling to a nearly 10-month low and declining for four consecutive months. In 2022, UMC had revenue of 278.705 billion New Taiwan dollars, an increase of 30.8% over the same period last year.

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