UMC Reports Strong First-Quarter Performance Amid Rising Consumer Demand
Taiwan-based United Microelectronics Corp (UMC) reported first-quarter revenue of $1.93 billion, a 5.5% year-on-year increase, though slightly below analyst estimates. The company saw improved gross and operating margins, driven by strong consumer demand and increased capacity utilization.
Tickers: $UMC
Topics: advanced node technology capacity utilization earnings per share revenue growth semiconductor industry