UMC Reports 203% Year-on-Year Profit Growth for May, EPS at NT$0.68

Hsinchu, June 23 (CNA) — United Microelectronics Corporation (UMC) reported a net profit attributable to shareholders of the parent company of NT$8.449 billion for May, a 203% increase compared to the same period last year, with earnings per share (EPS) of NT$0.68.

Due to meeting stock exchange disclosure requirements for volatility, UMC released its unaudited monthly figures. Driven by rising demand in mature semiconductor process nodes, the company anticipates a 7% to 9% quarterly increase in wafer shipments for Q2, with capacity utilization rates projected to reach 81% to 83%. To offset rising costs, the company plans to implement price increases in the second half of the year, with more comprehensive adjustments scheduled for next year.

Collaboration with Intel on the 12nm FinFET platform is progressing as planned. Intel has completed process technology transfers and is currently conducting validations at its Arizona facility, with mass production targeted for 2027. Recent market reports suggest that both parties are discussing the potential expansion of their partnership to include 3nm process nodes.

Boosted by sustained foreign institutional buying, UMC's stock price showed significant momentum, closing at NT$170, up over 6% today. Since the beginning of May, the stock has gained approximately 120%.