United Microelectronics Corp. reported its second-best annual revenue in 2023, reaching NT$232.3 billion ($7.4 billion), up 4.39% from the previous year, as semiconductor demand showed signs of stabilization.
The Taiwanese contract chipmaker’s fourth-quarter revenue held steady at NT$60.4 billion ($1.9 billion), marking a 9.87% increase from the same period in 2022. The company expects gross margins to approach 30% as capacity utilization hovers above 60%.
UMC has reduced its capital expenditure target to $3 billion from $3.3 billion, reflecting a cautious stance toward market conditions. The chipmaker’s average selling prices remained flat quarter-over-quarter in dollar terms.
The company is pressing ahead with its manufacturing expansion plans. Its Singapore facility upgrade is nearing completion, while collaboration with Intel Corp. continues as planned. These moves align with UMC’s strategy to strengthen its position in the foundry industry through diversified production capabilities.
UMC will hold an online investor conference on January 21 to discuss its fourth-quarter earnings and provide guidance for the first quarter of 2025.
