Thursday, April 28, 2005
UMC predicted that its sales would continue to fall in the second quarter of 2005 and capacity utilization to stay about 60 percent, the company said.
The company gave the outlook as part of its first quarter financial results saying wafer shipments would increase by low single digit percentage points at the same time as the average selling price of its wafers would decline by high single digit percentage points. UMC predicted that the consumer segment would be strongest in the second quarter while the computer segment is expected to show a seasonal slowdown.
In the first quarter of 2005 UMC increased its net income 14.0 percent sequentially to NT$1.52 billion (about $48 million) despite a 28.1 percent sequential decline in revenue to NT$20.29 billion (about $643 million).
The increased profit was mainly due to non-operational income of NT$1.21 billion. Wafer shipments declined in the quarter by 14 percent sequentially to 564,000 200-mm diameter equivalent wafers, UMC said. The utilization rate for the quarter was 63 percent, after factoring in a 6 percent loss of available productivity due to scheduled annual maintenance, UMC said.
By: DocMemory
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