UMC Reports Second Quarter 2013 Results

UMC's Engagement with IBM to Propel 10nm Process Development

(PRNewswire) —

Second Quarter 2013 Overview[1]:

  • Revenue: NT$31.91 billion (US$1.06 billion)
  • Gross margin: 19.4%; operating margin: 3.6%
  • Foundry Capacity Utilization Rate: 85%
  • Net income attributable to the stockholders of the parent: NT$1.81 billion (US$60 million)
  • Earnings per share: NT$0.15; earnings per ADS: US$0.025

[1] 

Unless otherwise stated, all financial figures discussed in this announcement are prepared in accordance with TIFRSs recognized by Financial Supervisory Commission in the ROC, which is different from IFRSs issued by the International Accounting Standards Board. They represent comparisons among the three-month period ending Jun 30, 2013, the three-month period ending Mar 31, 2013, and the equivalent three-month period that ended Jun 30, 2012. For all 2Q13 results, New Taiwan Dollar (NT$) amounts have been converted into U.S. Dollars at the Jun 30, 2013 exchange rate of NT$29.98 per U.S. Dollar.

United Microelectronics Corporation (NYSE: UMC; TWSE: 2303) ("UMC" or "The Company"), a leading global semiconductor foundry, today announced its consolidated operating results for the second quarter of 2013.

Revenue was NT$31.91 billion, with gross margin at 19.4% and operating margin at 3.6%.  Net income attributable to the stockholders of the parent was NT$1.81 billion, with earnings per ordinary share of NT$0.15.

Mr. Po-Wen Yen, CEO of UMC, said, "UMC's second quarter 2013 operating results exceeded expectations.  The foundry segment recorded NT$30.33 billion in revenues, with profit margin from foundry operations of 5.3%.  Wafer shipments reached 1.307 million 8-inch equivalent wafers, bringing overall capacity utilization to 85%.  Revenue contribution from 40nm and below technologies grew from 18% in 1Q13 to 20% in 2Q13."

CEO Yen added, "As the industry advances to more cutting edge nodes, our customers expect to adopt new technologies for their upcoming advanced products.  To satisfy their increasing reliance on leading-edge geometries, we have recently announced our participation in the IBM alliance for 10nm FinFET CMOS process technology.  We are excited to team up with IBM and strongly believe the collaborative effort will help overcome a variety of research challenges to realize ground-breaking results that will better serve the industry's needs.  UMC will offer our upcoming process platforms based upon IBM fundamental technology and develop derivative processes according to customer requirements."

CEO Yen continued, "With the arrival of the third quarter, we project sequential revenue growth to follow a better-than-seasonal second quarter in the foundry segment.  In the mid-term, to perpetuate our leading position in the advanced specialty technology segment, UMC's R&D team continues to pull-in production milestones with enhanced process implementations to facilitate customer product deployment. UMC's comprehensive range of technologies enables customers from a wide array of industry segments to differentiate their products, thus helping UMC to expand its business scope, elevate overall competitiveness, and strengthen long term profitability."

Summary of Operating Results

Operating Results

(Amount: NT$ million)

2Q13

1Q13

QoQ %
change

2Q12

YoY %
change

Net Operating Revenues

31,905

27,781

14.8

30,377

5.0

Gross Profit

6,177

4,492

37.5

6,339

(2.6)

Operating Expenses

(5,017)

(4,178)

20.1

(4,173)

20.2

Net Other Operating Income and Expenses

(11)

(20)

(45.0)

4

-

Operating Income

1,149

294

290.8

2,170

(47.1)

Net Non-Operating Income and Expenses

631

7,249

(91.3)

655

(3.7)

Net Income Attributable to the Stockholders of the Parent

1,812

6,593

(72.5)

2,651

(31.6)

EPS   (NT$ per share)

0.15

0.52


0.21


         (US$ per ADS[2])

0.025

0.087


0.035



[2]  One ADS represents five Taiwan-listed ordinary shares.


1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9  Next Page »



Review Article Be the first to review this article
Airbus

Featured Video
Jobs
Business Partner Manager for Cityworks - Azteca Systems, LLC at Sandy, UT
GIS Analyst II for Air Worldwide at Boston, MA
Mechanical Engineer for IDEX Corporation at West Jordan,, UT
Senior Structural Engineer for Design Everest at San Francisco, CA
Upcoming Events
SPTechCon 2016, Dec 5 - 8, 2016, San Francisco, CA at San Francisco CA - Dec 5 - 8, 2016
RoboUniverse San Diego at San Diego CA - Dec 14 - 15, 2016
DGI 2017 at QEII Centre London United Kingdom - Jan 23 - 25, 2017
Trimble
Teledyne Optech
CADalog.com - Countless CAD add-ons, plug-ins and more.



Internet Business Systems © 2016 Internet Business Systems, Inc.
595 Millich Dr., Suite 216, Campbell, CA 95008
+1 (408)-337-6870 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering EDACafe - Electronic Design Automation TechJobsCafe - Technical Jobs and Resumes  MCADCafe - Mechanical Design and Engineering ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy Policy