Affected by factors such as inflation, foundries are facing the pressure of customer inventory adjustment, UMC (2303-TW)(UMC-US) In the third quarter, the price stopped rising for seven consecutive years. Since mid-June, the stock price has been dropping frequently. Following the sale of nearly 500 shares by 6 vice presidents or associate-level executives in the second quarter, 2 vice presidents also sold their shares in August. Holding shares in hand, adjust the number of sheets to 280.
According to the data from the Public Information Observatory, UMC has a total of 6 vice-president or associate-level senior executives in May and June. After the centralized market adjustment to hold nearly 500 shares, another vice-president-level executive left his company in August. stock.
Judging from the latest statistics released in August, the deputy general manager Zhang Zhenlun was released 180, and the deputy general manager Chen Jinshuang also released 100.
UMC estimates that in the third quarter, wafer shipments and ASP will remain flat in U.S. dollars, capacity utilization will remain at 100%, and gross profit margins are estimated to be 44-46%, which will decline compared to the second quarter. Under the flat ASP estimate, the market also interprets that UMC foundry prices have not risen much, and the third quarter will say goodbye to the trend of seven consecutive quarters of price increases.
UMC said that the semiconductor industry has gone through the super cycle of the past two years and is now entering a period of inventory adjustment. However, it is expected that capacity utilization will be at a healthy level in the fourth quarter and prices will remain stable.
UMC’s revenue in August was 25.346 billion yuan, a monthly increase of 2.09% and an annual increase of 34.89%.
