UMC's October revenue rose 27.07% year-on-year, but it was still the lowest in six months

Taiwan wafer foundry UMC announced on October 7 that its revenue for October this year reached NT$24.344 billion, reaching a low of nearly six months, down 3.47% from the previous month, but still an increase of 27.07% year-on-year, and a record year A new high for the same period; the accumulated revenue in the first ten months of this year was about NT$235.214 billion, a year-on-year increase of 35.91%.

Looking forward to the fourth quarter operation, UMC said in a statement recently that due to the adjustment of industrial inventory, it is expected that the fourth quarter operation will decline, and the utilization rate will drop from over 100% overload to 90%. A reduction of 10% will bring the US dollar average selling price (ASP) flat, while the gross profit margin will drop slightly to 40%-43%. At the same time, UMC also revised down its capital expenditure this year from $3.6 billion to $3 billion.