Wafer foundry UMC (2303-TW)(UMC-US) Today (27th), the law said that although UMC emphasized that the capacity utilization rate in the third quarter will remain at full capacity and eliminate the noise of the market’s loosening of production capacity, it is estimated that wafer shipments and ASP are both flat, and prices have not risen. Taidong, bid farewell to the price increase trend for seven consecutive quarters, the legal person expects that UMC’s third quarter revenue will be suspended for 11 consecutive quarters.
UMC estimates that wafer shipments and ASP will remain flat in US dollars in the third quarter, the capacity utilization rate will remain at 100%, and the gross profit margin is estimated to be 44-46%, which will decline compared with the second quarter, but will continue to stand above 40%. level.
Wang Shi, co-general manager of UMC, pointed out that although demand for smartphones, personal computers and consumer electronics products cooled in the third quarter and customers faced inventory corrections, which may bring short-term fluctuations, they are actively working with customers to adjust product mixes, including network, industrial Steady demand for , servers and automotive applications will offset the slowing demand in product areas.
Wang Shi believes that the semiconductor industry has gone through the super cycle of the past two years and is now entering a period of inventory adjustment, but the capacity utilization rate in the fourth quarter is estimated to be at a healthy level and prices will remain stable.
Regarding the full-year outlook, Wang Shi pointed out that despite the high uncertainty in the macro environment, maintaining the previous estimate, the output value of the foundry industry will grow by 20%, and UMC will exceed the industry average; this year’s capital expenditure will remain at 3.6 billion US dollars.