Q1 2025 United Microelectronics Corp Earnings Call Transcript
Key Points
- UMC's first quarter 2025 revenue increased by 5.9% year-over-year, driven by a 12% increase in wafer shipments.
- The company inaugurated a new Singapore Phase 3 fab, which will provide additional 22-nanometer capacity, supporting future growth.
- UMC's 22/28-nanometer revenue hit a record high, representing 37% of total sales, with a significant increase in 22-nanometer revenue.
- UMC maintained a strong cash position with over TWD100 billion, providing financial stability.
- The company is implementing cost reduction plans and accelerating AI and intelligent manufacturing systems to enhance operational efficiency.
- UMC experienced a 4.2% sequential decline in wafer revenue due to a one-time price adjustment and an earthquake during the Chinese New Year holidays.
- Net income declined by 25% year-over-year, impacting earnings per share.
- The company faced losses from mark-to-market investments due to stock market weakness, amounting to TWD439 million.
- Visibility for the second half of 2025 is limited due to geopolitical tensions and potential tariff impacts, creating uncertainty in demand projections.
- UMC's automotive segment experienced a decline due to softness in microcontrollers, DDI, and power management, with inventory levels remaining relatively high.
Welcome, everyone, to UMC's 2025 First Quarter Earnings Conference Call. (Operator Instructions) For your information, this conference call is now being broadcasted live over the Internet. Webcast replay will be available within an hour after the conference is finished. Please visit our website, www.umc.com, under the Investor Relations, Investors, Events section.
Now I would like to introduce Mr. David Wong, Investor Relations Manager of UMC. Mr. Wong, please begin.
Welcome to UMC's conference call for the first quarter of 2025. I'm joined by Mr. Chi-Tung Liu, CFO of UMC; and Mr. Michael Lin, Senior Director of Finance, because President Wang is absent due to urgent personal matter. In a moment, our CFO will present our first quarter financial results, followed by our key message to address UMC's focus and second quarter 2025 guidance.
After our CFO's remarks, there will be a Q&A session. UMC's quarterly
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