UMC Reports First Quarter 2021 Results

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Go back to UMC Reports First Quarter 2021 Results

United Microelectronics (UMC) Tops Q1 EPS by 8.9c, Revenues Beat

April 28, 2021 5:41 AM EDT

United Microelectronics (NYSE: UMC) reported Q1 EPS of $0.149, $0.089 better than the analyst estimate of $0.06. Revenue for the quarter came in at $1.65 billion versus the consensus estimate of $1.57 billion.

Jason Wang, co-president of UMC, said, Amid the semiconductor component shortage, we are working with our customers, suppliers and partners to alleviate the capacity tightness across the supply chain. In Q1, robust wafer demand led to full utilization in our manufacturing sites, bringing overall wafer shipments to 2.37 million 8-inch equivalents. For the quarter, our gross profit grew 15.2% QoQ to NT$12.49 billion which partly reflected higher... More