United Microelectronics Corp (2303) Earnings Report: UMC Records NT$18.17B in March Sales, a 2.7% Increase

United Microelectronics Corp on Smartkarma

Analysts on Smartkarma are closely following the latest developments at United Microelectronics Corp (UMC), a leading semiconductor company. According to Patrick Liao, UMC’s 2Q24F outlook is slightly improving, with potential rush orders coming in and a positive QoQ expected. However, the company’s outlook is still mixed, and attention should be paid to the 3Q24F outlook for any potential changes.

In contrast, Liao also reports that UMC’s current 2Q24F outlook is bearish, with a potential 5-10% decline in demand. This is due to the lack of improvement from UMC’s clients in the second quarter. However, the results for 1Q24F are expected to remain steady, with a slight upside possible.

Meanwhile, Intel’s partnership with UMC has also caught the attention of analysts, as reported by Andrew Lu. The two companies are working together on various products, and Intel will provide nearly 30k/m 12″ capacity for UMC at the first stage. This partnership is expected to benefit both companies, but there are still questions regarding the operation of the fabs and how sales and profits will be shared.

In another report by Liao, UMC’s 1Q24F outlook could be flat QoQ, with increased demand from Asian clients but bearish sentiment from European and American clients. UMC’s Asian clients, particularly Mediatek Inc and Novatek Microelectronics Corp, are showing optimism for the first quarter, while clients in other regions are more cautious.

A look at United Microelectronics Corp Smart Scores

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

According to the Smartkarma Smart Scores, the long-term outlook for United Microelectronics Corp looks promising. The company has received a score of 4 out of 5 for both Value and Growth, indicating strong potential for future profitability and expansion. Additionally, United Microelectronics Corp has also scored a perfect 5 out of 5 for Dividend, making it an attractive option for investors seeking steady income.

United Microelectronics Corp has also shown resilience in the market, with a score of 4 out of 5 in this category. This suggests that the company has a strong ability to weather any potential market downturns. However, its momentum score is slightly lower at 3 out of 5, indicating that the company may not be experiencing significant growth at the moment.

Overall, United Microelectronics Corp is a leading player in the design, manufacturing, and marketing of integrated circuits and related electronic products. Their main products, including consumer electronic ICs, memory ICs, and communication ICs, make them a key player in the technology industry. With its strong scores in key areas, United Microelectronics Corp is well-positioned for long-term success and may be a wise investment choice for those looking to add a stable and potentially profitable company to their portfolio.

Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
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