Wednesday, August 4, 2010
Taiwanese chip foundry United Microelectronics Corp. (UMC) eported its capacity utilization rate was 100 percent in the second quarter and said the company logged record wafer shipments during the period.
UMC (Hsinchu, Taiwan) reported sales for the second quarter of NT$29.75 billion ($926 million), up 11 percent compared to the first quarter and up 32 percent compared to the second quarter of 2009. The company said its second quarter net income was NT$5.27 billion ($164 million), up 51 percent sequentially and up 241 percent year-to-year.
"Capacity utilization for the second quarter of 2010 was full, with shipments growing to a record 1,156 thousand 8-inch equivalent wafers," said Shih-Wei Sun, CEO of UMC, in a statement. Sun said revenue for the quarter exceeded expectations, crediting an accelerated ramp-up of 65-nm capacity and a favorable product mix.
Revenue from 65-nm and below products grew more than 50 percent compared to the previous quarter, with 40-nm output accounting for 3 percent of sales, Sun said.
UMC plans to raise its 2010 capital expenditure outlay to $1.8 billion, Sun said. The company had previously said it expected to spend between $1.2 billion and $1.5 billion on capital expenditures this year.
By: DocMemory
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