UMC doubles Q4 profits
Thanks to Motorola and Infineon business
UMC has said its Q4 profits have more than doubled from the same period a year ago. Its success is down to chipmakers such as Motorola and Infineon subcontracting their production to UMC.
For the three months to 3 December, UMC reported a profit of NT$16.7 billion ($505 million), more than double the NT$7.2 billion ($218 million) it made in the same period a year earlier.
The company is not so optimistic about the current year but has said sales and profit won't fall as much as they will for Taiwan Semiconductor (TSMC), its biggest competitor. TSMC expects margins to plummet nearly half to 24 per cent and utilisation of its plants to fall to 70 per cent of total capacity. ®