UMC Reports First Quarter 2023 Results

CAPEX

CAPEX spending in 1Q23 totaled US$998 million. 2023 cash-based CAPEX budget will be US$3.0 billion.

Capital Expenditure by Year - in US$ billion

Year

2022

2021

2020

2019

2018

CAPEX

$ 2.7

$ 1.8

$ 1.0

$ 0.6

$ 0.7

2023 CAPEX Plan

8"

12"

Total

10%

90%

US$3.0 billion

Second Quarter 2023 Outlook & Guidance

Quarter-over-Quarter Guidance:

  • Wafer Shipments: To remain flat
  • ASP in USD: To remain flat
  • Gross Profit Margin: Will be in the mid-30% range
  • Capacity Utilization: low-70% range
  • 2023 CAPEX: US$3.0 billion

Recent Developments / Announcements

Feb. 1, 2023

UMC and Cadence Collaborate on 3D-IC Hybrid Bonding Reference Flow

Feb. 22, 2023

UMC Board of Directors Announces Proposals for its Annual Shareholders Meeting

Mar. 2, 2023

UMC Introduces New 28eHV+ Platform for Wireless, VR/AR, and IoT Display Applications

Mar. 7, 2023

Infineon and UMC Extend Automotive Partnership with Long-Term Agreement for 40nm eNVM Microcontroller Production

Mar. 17, 2023

UMC Circular Economy & Recycling Innovation Center Breaks Ground for a Zero Waste Future

Mar. 28, 2023

Memory and UMC Expand Low-Power Memory Solutions for AIoT and Mobile Markets with 22nm RRAM Qualification

Please visit UMCs website for further details regarding the above announcements

Conference Call / Webcast Announcement

Wednesday, April 26, 2023

Time: 5:00 PM (Taipei) / 5:00 AM (New York) / 10:00 AM (London)

Dial-in numbers and Access Codes:

Taiwan Number:

 

02 3396 1191

Taiwan Toll Free:

 

0080 185 4007

USA Toll Free:

 

+1 866 212 5567

Other Areas:

 

+886 2 3396 1191

 

Access Code:

9816026#

A live webcast and replay of the 1Q23 results announcement will be available at www.umc.com under the “Investors / Events” section.

About UMC

UMC (NYSE: UMC, TWSE: 2303) is a leading global semiconductor foundry company. The company provides high quality IC fabrication services, focusing on logic and various specialty technologies to serve all major sectors of the electronics industry. UMC’s comprehensive IC processing technologies and manufacturing solutions include logic/mixed-signal, embedded high-voltage, embedded non-volatile-memory, RFSOI and BCD. UMC has total 12 fabs in production with combined capacity of approximately 850,000 8-inch equivalent wafers per month, and all of them are certified with IATF 16949 automotive quality standard. Most of UMC's 12-inch and 8-inch fabs with its core R&D are located in Taiwan, with additional ones throughout Asia. UMC is headquartered in Hsinchu, Taiwan, plus local offices in China, United States, Europe, Japan, Korea and Singapore, with worldwide total 20,000 employees. For more information, please visit: https://www.umc.com.

Safe Harbor Statements

This press release contains forward-looking statements within the meaning of Section 27A of the United States Securities Act of 1933, as amended, and Section 21E of the United States Securities Exchange Act of 1934, as amended, and as defined in the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements include, but are not limited to, statements regarding anticipated financial results for the first quarter of 2023; the expected wafer shipment and ASP; the anticipated annual budget; capex strategies; environmental protection goals and water management strategies; impact of foreign currency exchange rates; expected foundry capacities; the ability to obtain new business opportunities; and information under the heading “First Quarter of 2023 Outlook and Guidance.”

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