UMC toasts much improved Q2
Sales, income - they're all up
UMC, the world's second largest chip foundry, today said second quarter saw significant gains over Q1, with revenue rising 21.3 per cent to NT$21.71 billion ($631.66 million) and operating income rises 255.4 per cent to NT$2.48 billion ($72.16 million).
The quarter was also up on the same period last year, with revenue up 16.8 per cent and operating income up 146.2 per cent from NT$18.58 ($540.59 million) and NT$1.01 billion ($29.39 million), respectively.
However, net income was down year-on-year, from NT$4.45 billion ($129.47 million) to NT$2.69 billion ($78.27 million), a decline of 39.6 per cent. That said, it was up 566.7 per cent from Q1's figure of NT$403 million ($11.72 million).
During Q2, wafer shipments increased 23.3 per cent to 550,000 20cm wafers. UMC attributed the increased demand to new customer wins in the PC segment.
The company warned that Q3 will see that demand slow down, however, thanks to high inventory levels left over from the SARS crisis. That decline will be in part offset by growing demand for high-end 130nm products. Improving economies of scale surrounding the company's 300mm wafer production will help too. UMC said it will accelerate its investment in 300mm production lines, and will spend more on the development of its 90nm process too. ®