United Microelectronics Corporation (NYSE:UMC) shares are trading lower in the premarket session on Thursday.
The company reported February sales of NT$18.193B, up 4.25% year over year. January-February combined net sales were NT$38B, up 4.21% year over year.
In a press release dated January 21, United Microelectronics co-President Jason Wang said he finds the semiconductor market poised for another year of growth, driven by strong demand for AI servers as well as increasing semiconductor content in smartphones, PCs, and other electronic devices.
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United Microelectronics continues investing in technological innovation and expanding its advanced packaging offering.
The 22/28nm portfolio remained the most significant contributor, with revenue augmenting by 15% in 2024. Tape-outs for 22nm products are accelerating, and Wang expects to see higher revenue contributions from 2025 onwards.
In its fourth-quarter report, United Microelectronics said it expects first-quarter wafer shipments to remain flat and ASP in USD to decrease by mid-single-digit percentage quarter-over-quarter.
It also expects capacity utilization to be in the 70% range. United Microelectronics expects a cash-based 2025 capex of $1.8 billion.
Price Action: UMC shares are trading lower by 2.65% to $6.62 premarket at last check Thursday.
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