UMC Reports Rising Revenue for March, 1Q
Apr 07, 2006
United Microelectronics Corp., the world's second-largest contract chipmaker, said on Friday that revenues in March and in the first quarter were both up around 20 percent from the same periods last year.
Revenue for March reached 8.46 billion New Taiwan dollars ($261.75 million), up 21 percent from NT$7.01 billion in March last year, the company said in a statement.
In the first three months of 2006, UMC reported a revenue of NT$24.38 billion ($754.33 million), 20 percent more than the NT$20.29 billion it recorded in the same period last year, the company said.
UMC supplies semiconductor chips to several of the biggest companies in the global high-tech sector which are used in a variety of products such as desktop computers, notebooks, mobile phones and digital cameras.
Analysts said the company's first-quarter performance was slightly better than expected.
"Our estimate for first-quarter revenue was about NT$23.3 billion (US$721.3 million; euro591.9 million) to NT$23.9 billion ($739.9 million), so the actual numbers were better due to strong demand for chips in communication devices," said Brian Lin, an analyst at Ta Ching Securities.