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UMC reports mixed financial results amid market challenges

Pure-play foundry United Microelectronics (UMC) has reported a revenue of NT$17.55 billion (US$541.1 million) for June 2024, marking a 10.5% sequential decline and a 7.9% decrease YoY. Despite this monthly dip, UMC’s revenue for Q2 2024 reached NT$56.8 billion, representing a 4% increase from the previous quarter. The revenue for the first half of this year totaled NT$111.43 billion, showing a modest 0.8% increase from the previous year.