Financial data show that foundry UMC’s December 2022 revenue of NT$20.946 billion (about RMB4.671 billion), down 7.1 percent sequentially and 3.3 percent year-over-year, fell to a near ten-month low and declined for four consecutive months.
In the fourth quarter of 2022, UMC’s revenue was NT$67.836 billion (approximately RMB 15.127 billion), a decrease of 10% from the previous quarter and a year-on-year increase of 14.8%, which was the lowest point in the past three quarters; in 2022, UMC’s revenue NT$278.705 billion (approximately RMB 62.151 billion), a year-on-year increase of 30.8%.
Analysts said that due to the impact of inflation and the conflict between Russia and Ukraine, UMC faces weak demand and cannot avoid being affected by the inventory adjustment of the semiconductor industry. However, UMC will work closely with customers to deal with the current market situation.
In addition, UMC said that the demand for smartphones, personal computers and consumer electronics products has cooled, and has not yet seen a recovery, but the demand for automotive and industrial fields is still good.
