UMC announces net sales for January up slightly from December

Semiconductor manufacturer UMC (NYSE: UMC; TWSE: 2303) released its January sales performance today, February 8, showing a slight rise from December and a 10.2% rise year-on-year.

Foundry production capacity has been tight and prices have been rising as suppliers struggle to keep up with demand, especially in the 8-inch and 12-inch wafer market.

January’s consolidated revenue was reported at NT$15.529 billion, up 10.2% from January 2020, and 1.5% from December.

UMC’s annual consolidated revenue in 2020 was NT$176 billion, a year-on-year increase of 19.3%, and net profit per share was NT$2.42, the highest in close to 20 years.

The company expects stable demand for the rest of the first quarter with further increases in wafer shipments, but cautions that the current exchange rates are an unfavorable factor. The appreciation of the New Taiwan Dollar may affect revenue growth for the quarter.

UMC stock is currently trading at NT$52.90 at close of the Taipei Stock Exchange Friday, up 1.93% after closing at NT$51.90 the previous day. TPSE is closed for the Lunar New Year holidays.

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