United Microelectronics Corp. reported November revenue of NT$20.05 billion ($636 million), marking a 6.2% decline from October, as the semiconductor industry continues to face inventory adjustments and softening demand.
Despite the month-over-month decline, Taiwan’s second-largest contract chipmaker managed to post a 6.7% increase compared to the same period last year. The company’s year-to-date revenue through November reached NT$213.3 billion ($6.77 billion), up 3.8% from 2022.
The latest figures reflect persistent challenges in the semiconductor industry, where customers remain cautious about placing new orders amid economic uncertainties. While UMC has shown resilience with positive year-over-year growth, the sequential decline suggests ongoing pressure in the foundry sector.
Industry analysts note that inventory digestion and market correction phases continue to impact semiconductor manufacturers, though signs of stabilization have emerged in certain market segments. UMC’s performance aligns with broader industry trends, where foundries face fluctuating demand patterns and pricing pressures.
