United Microelectronics Faces Sales Slump: December Sees 18.94% Drop

United Microelectronics Corporation UMC said sales in December plunged 18.94% Y/Y to NT$16.97 billion.

Full-year sales from January to December fell 20.15% to NT$222.53 billion.

Total revenues in December slumped 9.6% from November revenues.  

Last year, the company initiated the W2W (wafer-to-wafer) 3D IC project in collaboration with partners to help customers accelerate the production of their 3D products.

In its Q3 report, the company said it expects Q4 FY23 wafer shipments to decline 5% and ASP in USD to stay flat quarter-over-quarter. It expects capacity utilization in the low 60% range. UMC reiterated a 2023 capex of $3.0 billion.

Price Action: UMC shares closed higher by 1.12% to $8.130 on Thursday.