The following is a summary of the United Microelectronics Corporation (UMC) Q1 2024 Earnings Call Transcript:

Financial Performance:

• United Microelectronics Corporation (UMC) reported Q1 2024 consolidated revenue of NT$54.63 billion.

• The company's gross margin was 30.9%, which was down from 35.5% due to increasing costs.

• Net income attributable to the stockholders was NT$10.46 billion and earnings per share were NT$0.84.

• Despite a decrease in revenue, shipments increased by about 4.5% sequentially which speaks to volume resilience.

• The company holds robust cash reserves of NT$119 billion, and total equity at NT$378 billion.

• For FY 2024, the company projected cash-based CapEx to be around NT$3.3 billion.

Business Progress:

• Specialty business revenue, contributing to 57% of total revenue, indicated UMC's strategic focus.

• The company is progressing with pipeline projects aimed at high-growth markets such as 5G, AIoT, and automotive.

• For Q2 2024, UMC anticipates an increase in wafer shipments and intends to continue investing in technology, capacity, and people to support growth.

• UMC's strategy includes the introduction of wafer-to-wafer stacking solutions and node migration in old driver IC products.

• The company is cooperating with U.S. partners on the 12-nanometer program, indicating a promising investment prospect.

• UMC is planning for mass production of hybrid bonding solutions in 2024 and aiming to continually improve its market relevance and position.

• Geographically diversified manufacturing sites and comprehensive technology portfolio demonstrate the company's commitment to strengthening its supply chain resilience.

More details: United Microelectronics IR

Tips: This article is generated by AI. The accuracy of the content can not be fully guaranteed. For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.