UMC does not see the sign of inventory. 4Q21/1Q22 sales are NT$59.1bn/~NT$62bn, higher than our previous estimate by 1.7%/3.3% resp. By 2024, UMC targets sales/ROE to US$10bn/>20% resp.
SUMMARY
(Sign Up to Access)
Get started on the Smartkarma Research Network with a complimentary Preview Pass to:
Unlock all research summaries
Follow top, independent analysts
Receive personalised alerts and emails
Access Briefings, Analytics, and Events
Upgrade anytime to our paid plans for full-length research, real-time analyst discussions, and more.
Join a thriving community of 45,000+ investors, including the top global asset managers managing over $13trn in assets.