United Microelectronics (UMC) Stock

United Microelectronics' stock dropped by 5% after Citibank changed its rating from buy to sell, pointing to weak profit margins and competition. The company announced earnings for the fourth quarter that were below expectations, mainly due to reduced profit margins and expenses from non-operating income. Even with these difficulties, UMC has a solid cash position and intends to keep a strong dividend policy.

UMC's Q4'24 results were somewhat disappointing, mainly due to lower operating performance caused by pressure on gross margins. However, their 2025 outlook was better than expected, suggesting that demand may improve as inventories decrease in various markets, although pricing could still be a concern. Additionally, UMC's advanced packaging skills and potential growth from increased protectionism could benefit their non-Chinese factories.

United Microelectronics Corporation (NYSE:UMC) will hold its Q4 2024 Earnings Conference Call on January 21, 2025, at 4:00 AM ET. Participants from the company include Michael Lin, Jason Wang, and Chitung Liu, while analysts from various financial institutions will also join the call. The operator has muted all lines to minimize background noise.

TAIPEI, Taiwan--(BUSINESS WIRE)--United Microelectronics Corporation (NYSE: UMC; TWSE: 2303) (“UMC” or “The Company”), a major global semiconductor foundry, has released its consolidated operating results for the fourth quarter of 2024. The revenue for the fourth quarter was NT$60.39 billion, which is a slight decrease of 0.2% from NT$60.49 billion in the previous quarter, but it shows a 9.9% increase compared to the same period last year. The consolidated gross margin for the fourth quarter was 30.4%, with net income attributed to the shareholders of the company.

MENLO PARK, Calif., Jan. 14, 2025 (GLOBE NEWSWIRE) -- PacBio (NASDAQ: PACB), a top provider of precise long-read sequencing solutions, has shared an important study from Radboud University Medical Center (Radboudumc) and its research collaborators in the American Journal of Human Genetics. This research shows how PacBio's HiFi long-read sequencing technology can help find genetic causes of rare diseases, suggesting that it might be possible to use one thorough test instead of several different diagnostic tests.

HSINCHU, Taiwan--(BUSINESS WIRE)--United Microelectronics Corporation (NYSE: UMC; TWSE: 2303) is a top semiconductor foundry that has announced its Fab 12A in Tainan, Taiwan, has been chosen for the World Economic Forum's Global Lighthouse Network. This network includes 189 sites recognized for their use of Fourth Industrial Revolution (4IR) technologies to improve productivity, efficiency, and sustainable manufacturing. Fab 12A is UMC's largest production facility.

TAIPEI, Taiwan--(BUSINESS WIRE)--United Microelectronics Corporation (NYSE: UMC; TWSE: 2303) (“UMC”) has announced its unaudited net sales for December 2024. The revenue for December 2024 was NT$18,965,818, which is an increase of NT$1,986,592 or 11.70% compared to December 2023. For the entire year from January to December, the total revenue reached NT$232,302,584, showing a growth of NT$9,769,584 or 4.39%.

United Microelectronics has made an agreement with Fengmiao I Offshore Wind Farm, which supports its goal of achieving net-zero emissions. The company aims to reduce its emissions by 42% by the year 2030.

HSINCHU, Taiwan--(BUSINESS WIRE)--United Microelectronics Corporation (NYSE: UMC; TWSE: 2303) has announced a Corporate Power Purchase Agreement (CPPA) with Fengmiao I Offshore Wind Farm, which is developed by Copenhagen Infrastructure Partners' main fund, CI V. UMC plans to buy over 30 billion kilowatt-hours of energy from Fengmiao I for at least 30 years, making it the biggest renewable energy deal in the company's history. This agreement will support UMC's commitment to sustainability.