United Microelectronics Corp Expects Q4 Wafer Shipments to Decline by 5% QoQ, Flat ASP, Gross Margin in Low 30% Range, Capacity Utilization in Low 60% Range, 2023 Capex of $3B
Portfolio Pulse from Benzinga Newsdesk
United Microelectronics Corp (UMC) anticipates a 5% quarter-on-quarter decline in Q4 wafer shipments. The company also expects flat average selling price (ASP), gross margin in the low 30% range, and capacity utilization in the low 60% range. UMC has planned a capital expenditure of $3B for 2023.
October 25, 2023 | 9:08 am
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UMC expects a 5% QoQ decline in Q4 wafer shipments, flat ASP, gross margin in the low 30% range, and capacity utilization in the low 60% range. The company's 2023 capex is projected at $3B.
The expected decline in Q4 wafer shipments and low capacity utilization could negatively impact UMC's short-term revenue and profitability. However, the planned $3B capex for 2023 indicates the company's commitment to long-term growth and could potentially offset some of the short-term negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100