UMC Spends NT75 Million to Repurchase 4,166 Treasury Shares

Central News Agency (Reporter Chang Chien-chung, Hsinchu 7th) Wafer foundry UMC announced today that it has spent NT75 million to repurchase 4,166 treasury shares, with an average repurchase price of NT0.14 per share. UMC''s board of directors resolved to repurchase 50,000 treasury shares from April 30 to June 29, with a repurchase price range of NT2.5 to NT09.5. The repurchased treasury shares will be transferred to employees. UMC announced today that it has cumulatively repurchased 4,166 treasury shares, accounting for approximately 0.03% of the total issued shares, with a total amount of NT75 million and an average repurchase price of NT0.14 per share. UMC''s stock price continued to rise today, reaching NT8.8 during intraday trading and closing at NT6.5, an increase of NT.1 or 5.58%. Benefiting from the stabilization of communication demand and steady demand from computers, consumer electronics, and industrial sectors, UMC expects wafer shipments in the second quarter to increase by 7% to 9% quarter-on-quarter, with capacity utilization reaching 81% to 83%. With optimized product mix, the average selling price of products in the second quarter will increase by 1% to 3%, and the gross profit margin will be close to 30%. To reflect value, UMC has sent notices to customers that it will adjust foundry prices in the second half of the year.