Welcome to our dedicated page for United Microelec news (Ticker: UMC), a resource for investors and traders seeking the latest updates and insights on United Microelec stock.
United Microelec (UMC), a leading global semiconductor foundry, provides cutting-edge wafer fabrication solutions for automotive, IoT, and communications industries. This page serves as your definitive source for official UMC announcements and strategic developments.
Access real-time updates on production innovations, partnership agreements, and financial performance metrics. Investors and industry professionals will find curated information spanning process technology breakthroughs, capacity expansions, and market leadership initiatives.
Our news collection features verified reports on quarterly earnings disclosures, manufacturing facility updates, and advanced node developments. Track UMC's progress in specialty technologies like RF CMOS and high-k/metal gate processes through authenticated corporate communications.
Bookmark this page for streamlined access to UMC's operational milestones and industry analysis. Regularly updated content ensures you maintain strategic awareness of this critical semiconductor supply chain partner.
United Microelectronics (UMC) has signed a landmark 30-year Corporate Power Purchase Agreement (CPPA) with Fengmiao I Offshore Wind Farm, developed by Copenhagen Infrastructure Partners. The agreement involves purchasing over 30 billion kilowatt-hours of power, marking UMC's largest renewable energy transaction to date.
This strategic move aligns with UMC's environmental goals, including achieving 50% renewable energy use by 2030 and 100% renewable energy by 2050. The company has already made significant progress, achieving a 26% reduction in scope 1 and scope 2 greenhouse gas emissions from 2020 base levels in 2023, surpassing its original 2030 target. As a result, UMC has revised its 2030 emission reduction target from 25% to a more ambitious 42%.
UMC has been selected for inclusion in the Dow Jones Sustainability Indices (DJSI) World Index for the 17th consecutive year and received an 'AA' rating from MSCI ESG Ratings. The semiconductor foundry ranked top among 356 peers in the Semiconductors & Semiconductor Equipment sector worldwide.
Key achievements include:
- 26% reduction in scope 1 and 2 greenhouse gas emissions from 2020 levels
- New pledge for 42% emission reduction by 2030
- Internal carbon price set at US$100 per ton
- Six out of 9 board seats held by independent directors
- One-third of board seats held by female directors
- Over 600 students enrolled in semiconductor courses through university partnerships
The company has implemented various initiatives including stock ownership policies for executives, ESG-linked compensation systems, and employee stock ownership plans with subsidies for Taiwan staff.
UMC held its Low-Carbon Supply Chain Awards Ceremony, recognizing 16 suppliers for their greenhouse gas emissions reduction performance. Through the Supply Chain Greenhouse Gas Inventory Initiative launched in 2022, UMC's supplier sites have achieved a total reduction of 2.64 million tons of emissions. The company aims for a 20% reduction in supply chain emissions by 2030.
The initiative, which follows UMC's 2017 Triple R League program, has helped over 300 suppliers complete their greenhouse gas emissions inventory. The company awarded various suppliers across different categories, including the Carbon Reduction Leadership Award, Excellent Carbon Reduction Award, Distinguished Carbon Reduction Award, and Carbon Reduction Recognition Award.
United Microelectronics (UMC) has released its unaudited sales figures for November 2024. The company reported revenues of NT$20,049,182,000 for November 2024, marking a 6.71% increase compared to the same month in 2023 (NT$18,787,670,000). For the January-November 2024 period, UMC's cumulative revenue reached NT$213,336,766,000, showing a 3.79% year-over-year growth from NT$205,553,774,000 in the same period of 2023.
United Microelectronics (NYSE: UMC) reported its October 2024 unaudited net sales figures. The company achieved revenues of NT$21,371,110 thousand for October 2024, representing an 11.36% increase compared to the same month in 2023. For the period from January to October 2024, UMC's cumulative revenue reached NT$193,287,584 thousand, showing a 3.49% year-over-year growth from the corresponding period in 2023.
UMC reported Q3 2024 revenue of NT$60.49 billion (US$1.91 billion), up 6.5% QoQ. Net income reached NT$14.47 billion (US$457 million), increasing 5% sequentially. 22/28nm shipments hit record levels, contributing 35% of wafer revenue. Gross margin was 33.8% with capacity utilization at 71%. The company's specialty portfolio reached a record high, accounting for 53.1% of total sales. For Q4 2024, UMC expects wafer shipments to remain flat with utilization in the high-60% range and gross margin close to 30%. The company maintains its 2024 CAPEX budget at US$3.0 billion.
United Microelectronics (NYSE: UMC; TWSE: 2303) has released its unaudited net sales report for September 2024. The company's revenue for the month stood at NT$18,942,714,000, showing a slight decrease of 0.58% compared to the same month in 2023. However, for the period from January to September 2024, UMC reported total revenues of NT$171,916,474,000, representing a 2.59% increase year-over-year. This indicates a positive trend in the company's overall performance for the first nine months of 2024 despite the minor setback in September.
United Microelectronics (UMC) has signed a Memorandum of Understanding (MOU) with Ngee Ann Polytechnic (NP) to enhance training for engineering talents and expand the workforce for the growing semiconductor industry. UMC will contribute to course design for the microelectronics specialisation of the Diploma in Electronic & Computer Engineering offered by NP.
The collaboration aims to bring industry perspective to help students better prepare for future careers in the semiconductor field. UMC and NP are also exploring the development of semiconductor work-study programs for recent graduates and continuing education training courses for working professionals.
UMC is currently expanding its existing site (Fab 12i) in Pasir Ris Wafer Fab Park. The new greenfield fab is set to begin production in 2026 and is expected to create a significant number of skilled engineering jobs. Fab 12i plays a critical role in satisfying demand from UMC's global customer base, accounting for approximately 14% of total capacity.
United Microelectronics (NYSE: UMC; TWSE: 2303) has reported its unaudited net sales for August 2024. The company's revenue for the month reached NT$20,645,494,000, marking a significant 8.94% year-over-year increase from August 2023. For the period from January to August 2024, UMC's cumulative revenue stood at NT$152,973,760,000, representing a 3.00% year-over-year growth. These figures demonstrate UMC's continued sales momentum and positive performance in the semiconductor industry.
United Microelectronics (UMC) has released its unaudited net sales report for July 2024. The company, listed on both NYSE and TWSE, reported significant growth in its monthly revenue. July 2024 sales reached NT$20,896,877,000, marking a 9.61% increase compared to the same month in 2023. The year-to-date figures from January to July 2024 also show positive momentum, with total revenues of NT$132,328,266,000, representing a 2.13% year-over-year growth. This performance indicates UMC's continued strength in the semiconductor industry and its ability to capitalize on market demand.
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