UMC reports Q4 revenue up 9.9%, missing estimates, forecasts flat shipments and price drops for Q1.

Taiwan's UMC reported a 9.9% year-over-year revenue increase to $1.84 billion in Q4 2021, missing analyst estimates. Earnings and gross margins also fell short. Despite recent stock downgrades, UMC sees continued market growth driven by AI and smartphone demand, with plans to invest in technology and expand packaging offerings. For Q1, UMC expects flat wafer shipments and a mid-single-digit ASP decrease.

2 months ago
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