Due to weak semiconductor demand resulting from the global economic recession and wafer shipments being pushed-out, UMC announces that it has revised downward its fourth quarter 2008 guidance, originally disclosed on October 29th, 2008. UMC now expects its fourth-quarter revenue to be between NT$18.2 billion and NT$18.7 billion, with 4Q 2008 gross profit margin to be between 7% and 9%. UMC maintains that profits from operations will be positive for overall 2008.
Revenues for November 2008
Period 2008 2007 Y/Y Change Y/Y(%) M/M(%)
November 6,024,577 9,029,328 -3,004,751 -33.28% -23.8%
Jan.-Nov. 87,920,369 98,307,257 -10,386,888 -10.57% N/A
(*) All figures in thousands of New Taiwan Dollars (NT$), except for
percentages.
Additional information about UMC is available on the web at http://www.umc.com .
Contacts:
Bowen Huang / I Cheng Lu
UMC, Investor Relations
Tel: +886-2-2700-6999, ext. 6957
Email: bowen_huang@umc.com or i_cheng_lu@umc.com
Web site: http://www.umc.com/