After TSMC, UMC announced to revise down this year's capital expenditure to 3 billion US dollars

Following TSMC's downward revision of this year's capital expenditure, UMC also announced at a legal meeting held yesterday (26) that it would lower this year's capital expenditure to US$3 billion.

According to Taiwanese media "Economic Daily", regarding this year's plant construction plan, Wang Shi, general manager of UMC, said that in response to the long-term needs of customers, the production capacity deployment of Tainan and Singapore plants is still going on.

It is understood that UMC previously announced plans to expand a new advanced fab in Singapore's Fab12i plant. The monthly production capacity of the first phase of the new plant is planned to be 30,000 wafers, and mass production is expected to start at the end of 2024.

Wang Shi pointed out that despite the recent market turmoil, the long-term outlook is still optimistic about the growth momentum of the overall market driven by the increase in semiconductor content through the popularization of 5G, AIoT, and electric vehicles.

It is reported that UMC's revenue in the third quarter was NT$75.39 billion, a quarterly increase of 4.6%, an annual increase of 34.9%, and a gross profit margin of 47.3%. The revenue contribution of 22/28 nanometer wafers reached 25%, and the wafer manufacturing capacity utilization rate exceeded 100%.