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Associated Press
4 hours ago
- Business
- Associated Press
UMC Reports Second Quarter 2025 Results
TAIPEI, Taiwan--(BUSINESS WIRE)--Jul 30, 2025-- United Microelectronics Corporation (NYSE: UMC; TWSE: 2303) ('UMC' or 'The Company'), a leading global semiconductor foundry, today announced its consolidated operating results for the second quarter of 2025. Second quarter consolidated revenue was NT$58.76 billion, increasing 1.6% from NT$57.86 billion in 1Q25. Compared to a year ago, 2Q25 revenue increased 3.4%. Consolidated gross margin for 2Q25 was 28.7%. Net income attributable to the shareholders of the parent was NT$8.90 billion, with earnings per ordinary share of NT$0.71. Jason Wang, co-president of UMC, said, 'In the second quarter, the utilization rate increased to 76%, as wafer shipments grew 6.2% QoQ, primarily driven by communications in imaging signal processors, NAND controllers, WiFi and LCD controllers. While we experienced an increase in the overall utilization and a growth of our 22/28nm portfolio, the unfavorable foreign exchange movement of the NT dollar capped our gross margin to 28.7% by nearly 3 percentage points. Revenue from our 22/28nm portfolio continued to grow sequentially, now accounting for 40% of total sales, a record high in both percentage and absolute dollar terms. Our industry-leading 22/28nm solutions continue to win adoption by customers, and we expect to see further market share gains in wireless communications over the coming quarters. We have always believed that, with the right differentiation, 22/28nm is a strong and long-lasting node with a robust product pipeline. In addition, the new Phase 3 facility at our Singapore Fab 12i, set to start production in 2026, will enable UMC to better serve customers seeking diversified manufacturing for enhanced supply chain resilience.' Co-president Wang added, 'Looking ahead to the third quarter, we expect a mild increase in wafer shipments. However, adverse foreign exchange movement will lead to a decline in NT dollar revenue. We are closely monitoring the near-term uncertainties and risks as the markets anticipate US tariff policies. To navigate macro and geopolitical headwinds, including foreign exchange risks, UMC will continue to actively manage our foreign exchange exposure and maintain financial flexibility to enhance our financial structure and business resilience.' Co-president Wang said, 'UMC was the recipient of two prestigious accolades at the 2025 Asia Responsible Enterprise Awards (AREA), organized by Enterprise Asia. Among the honors, UMC Co-President and Chief Sustainability Officer SC Chien received an award in the Responsible Business Leadership category, recognizing his leadership in advancing both business operations and sustainable development at UMC. In addition, UMC received the Corporate Sustainability Reporting Award for the company's longstanding commitment to transparency and integrity in ESG disclosures.' Summary of Operating Results Second quarter operating revenues grew 1.6% sequentially to NT$58.76 billion. Revenue contribution from 40nm and below technologies represented 55% of wafer revenue. Gross profit increased 9.3% QoQ to NT$16.88 billion, or 28.7% of revenue. Operating expenses increased 5.6% to NT$6.47 billion. Net other operating income decreased 11.5% to NT$0.41 billion. Net non-operating expenses totaled NT$0.67 billion. Net income attributable to shareholders of the parent amounted to NT$8.90 billion. Earnings per ordinary share for the quarter was NT$0.71. Earnings per ADS was US$0.121. The basic weighted average number of shares outstanding in 2Q25 was 12,484,877,493, compared with 12,484,780,989 shares in 1Q25 and 12,414,189,313 shares in 2Q24. The diluted weighted average number of shares outstanding was 12,534,082,055 in 2Q25, compared with 12,579,207,466 shares in 1Q25 and 12,529,942,186 shares in 2Q24. The fully diluted shares counted on June 30, 2025 were approximately 12,534,367,000. Detailed Financials Section Operating revenues increased to NT$58.76 billion. COGS decreased 1.3% QoQ to NT$41.88 billion. Gross profit increased 9.3% to NT$16.88 billion. Operating expenses grew 5.6% QoQ to NT$6.47 billion, as G&A increased 9.1% to NT$1.68 billion, R&D increased 5.8% to NT$4.19 billion, while Sales & Marketing decreased 4.5% to NT$0.59 billion. Net other operating income was NT$0.41 billion. In 2Q25, operating income increased 10.6% QoQ to NT$10.82 billion. Net non-operating expenses in 2Q25 was NT$0.67 billion, primarily reflecting the NT$1.28 billion in exchange loss, offset by the NT$0.33 billion in net investment gain, and the NT$0.31 billion in net interest income. In 2Q25, cash inflow from operating activities was NT$22.10 billion. Cash outflow from investing activities totaled NT$9.44 billion, which included NT$8.37 billion in capital expenditures, resulting in free cash flow of NT$13.73 billion. Cash inflow from financing activities was NT$1.15 billion, primarily from NT$5.20 billion in bonds issued, offset by a NT$3.77 billion decreased in bank loans. Net cash flow in 2Q25 amounted to NT$5.64 billion. Over the next 12 months, the company expects to repay NT$3.72 billion in bank loans. Cash and cash equivalents increased to NT$111.99 billion. Days of inventory decreased 1 day to 76 days. Current liabilities increased to NT$110.39 billion due to dividends payable of NT$35.79 billion. Long-term credit/bonds decreased to NT$41.60 billion. Total liabilities increased to NT$211.10 billion, leading to a debt to equity ratio of 63%. Analysis of Revenue 2 Revenue from Asia Pacific increased to 67%, while business from North America was 20% of sales. Business from Europe increased to 8%, while contribution from Japan was 5%. Revenue contribution from 22/28nm increased to 40% of wafer revenue, while 40nm contribution slightly decreased to 15% of sales. Revenue from fabless customers accounted for 81% of revenue. Revenue from the communication segment accounted for 41%, while business from computer applications was 11% of sales. Business from consumer applications accounted for 33%, while other segments was 15% of revenue. (1) Computer consists of ICs such as CPU, GPU, HDD controllers, DVD/CD-RW control ICs, PC chipset, audio codec, keyboard controller, monitor scaler, USB, I/O chipset, WLAN. Communication consists of handset components, broadband, bluetooth, Ethernet, LAN, DSP, etc. Consumer consists of ICs used for DVD players, DTV, STB, MP3/MP4, flash controller, game consoles, DSC, smart cards, toys, etc. Blended ASP Trend Blended average selling price (ASP) remained firm in 2Q25. ( To view blended ASP trend, please click here for 2Q25 ASP ) Shipment and Utilization Rate 3 Wafer shipments increased 6.2% QoQ to 967K during the second quarter, while quarterly capacity was 1,290K. Overall utilization rate in 2Q25 grew to 76%. Capacity 4 Total capacity in the second quarter increased to 1,290K 12-inch equivalent wafers. Capacity will grow in the third quarter of 2025 to 1,305K 12-inch equivalent wafers. (1) One 6-inch wafer is converted into 0.25 (6 2 /12 2 ) 12-inch equivalent wafer; one 8-inch wafer is converted into 0.44 (8 2 /12 2 ) 12-inch equivalent wafers. Total capacity figures are expressed in 12-inch equivalent wafers. CAPEX CAPEX spending in 2Q25 totaled US$273 million. 2025 cash-based CAPEX budget will be US$1.8 billion. Third Quarter 2025 Outlook & Guidance Quarter-over-Quarter Guidance: Recent Developments / Announcements Please visit UMC's website for further details regarding the above announcements Conference Call / Webcast Announcement Wednesday, July 30, 2025 Time: 5:00 PM (Taipei) / 5:00 AM (New York) / 10:00 AM (London) A live webcast and replay of the 2Q25 results announcement will be available at under the 'Investors / Events' section. About UMC UMC (NYSE: UMC, TWSE: 2303) is a leading global semiconductor foundry company. The company provides high-quality IC fabrication services, focusing on logic and various specialty technologies to serve all major sectors of the electronics industry. UMC's comprehensive IC processing technologies and manufacturing solutions include Logic/Mixed-Signal, embedded High-Voltage, embedded Non-Volatile-Memory, RFSOI, BCD etc. Most of UMC's 12-in and 8-in fabs with its core R&D are in Taiwan, with additional ones throughout Asia. UMC has a total of 12 fabs in production with a combined capacity of more than 400,000 wafers per month (12-in equivalent), and all of them are certified with IATF 16949 automotive quality standards. UMC is headquartered in Hsinchu, Taiwan, plus local offices in the United States, Europe, China, Japan, Korea, and Singapore, with a worldwide total of 20,000 employees. For more information, please visit: Safe Harbor Statements This press release contains forward-looking statements within the meaning of Section 27A of the United States Securities Act of 1933, as amended, and Section 21E of the United States Securities Exchange Act of 1934, as amended, and as defined in the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements include, but are not limited to, statements regarding anticipated financial results for the second quarter of 2025; the expected wafer shipment and ASP; the anticipated annual budget; capex strategies; environmental protection goals and water management strategies; impact of foreign currency exchange rates; expected foundry capacities; the ability to obtain new business opportunities; and information under the heading 'Third Quarter 2025 Outlook and Guidance.' These forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual performance, financial condition or results of operations of UMC to be materially different from what is stated or may be implied in such forward-looking statements. Investors are cautioned that actual events and results could differ materially from those statements as a result of a number of factors including, but not limited to: (i) dependence upon the frequent introduction of new services and technologies based on the latest developments in the industry in which UMC operates; (ii) the intensely competitive semiconductor, communications, consumer electronics and computer industries and markets; (iii) the risks associated with international business activities; (iv) dependence upon key personnel; (v) general economic and political conditions; (vi) possible disruptions in commercial activities caused by natural and human-induced events and disasters, including natural disasters, terrorist activity, armed conflict and highly contagious diseases; (vii) reduced end-user purchases relative to expectations and orders; and (viii) fluctuations in foreign currency exchange rates. Further information regarding these and other risk factors is included in UMC's filings with the United States Securities and Exchange Commission, including its Annual Report on Form 20-F. All information provided in this release is as of the date of this release and are based on assumptions that UMC believes to be reasonable as of this date, and UMC does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under applicable law. The financial statements included in this release are prepared and published in accordance with Taiwan International Financial Reporting Standards, or TIFRSs, recognized by the Financial Supervisory Commission in the ROC, which is different from International Financial Reporting Standards, or IFRSs, issued by the International Accounting Standards Board. Investors are cautioned that there may be significant differences between TIFRSs and IFRSs. In addition, TIFRSs and IFRSs differ in certain significant respects from generally accepted accounting principles in the ROC and generally accepted accounting principles in the United States. - FINANCIAL TABLES TO FOLLOW - 1 Unless otherwise stated, all financial figures discussed in this announcement are prepared in accordance with TIFRSs recognized by Financial Supervisory Commission in the ROC, which is different from IFRSs issued by the International Accounting Standards Board. They represent comparisons among the three-month period ending June 30, 2025, the three-month period ending March 31, 2025, and the equivalent three-month period that ended June 30, 2024. For all 2Q25 results, New Taiwan Dollar (NT$) amounts have been converted into U.S. Dollars at the June 30, 2025 exchange rate of NT$ 29.28 per U.S. Dollar. 2 Revenue in this section represents wafer sales. 3 Utilization Rate = Quarterly Wafer Out / Quarterly Capacity 4 Estimated capacity numbers are based on calculated maximum output rather than designed capacity. The actual capacity numbers may differ depending upon equipment delivery schedules, pace of migration to more advanced process technologies, and other factors affecting production ramp-up. View source version on CONTACT: Michael Lin / David Wong UMC, Investor Relations + 886-2-2658-9168, ext. 16900 [email protected] [email protected] KEYWORD: TAIWAN ASIA PACIFIC INDUSTRY KEYWORD: SEMICONDUCTOR TECHNOLOGY MANUFACTURING TELECOMMUNICATIONS MOBILE/WIRELESS OTHER MANUFACTURING HARDWARE SOURCE: United Microelectronics Corporation Copyright Business Wire 2025. PUB: 07/30/2025 08:36 AM/DISC: 07/30/2025 08:36 AM
Yahoo
7 hours ago
- Business
- Yahoo
Hon Hai Technology Group (Foxconn) and TECO Announce Strategic Alliance Targeting AI Data Center Capabilities
Key markets get boost in new shares exchange TAIPEI, July 30, 2025 /PRNewswire/ -- Hon Hai Technology Group ("Foxconn") (TWSE:2317) and TECO Electric & Machinery Co Ltd Ltd ("TECO") on Wednesday announced a share exchange, strategic alliance that will strengthen their AI infrastructure capabilities and propel the two Taiwanese tech majors into key markets in the global super-computing race. The move brings together the strengths of Foxconn, the world's largest electronics manufacturing service provider and AI server producer, and TECO, a leader in industrial electro-mechanical engineering and green energy innovation. Seizing on the development of global AI data center (AIDC) construction towards standardization and modularization, the two companies will jointly explore AIDC business opportunities. Global customers will be able to tap comprehensive data center modular products, electromechanical engineering services, and cost-competitive, one-stop solutions. According to terms approved by both boards, respectively, TECO will take a 0.519% stake in Hon Hai Precision Industry Co Ltd, the formal name Foxconn trades on at the Taiwan Stock Exchange. In turn, Foxconn will own 10% in TECO. The latter will issue 237,644,068 new shares to Foxconn, and Foxconn will issue 72,481,441 new shares to TECO, implying a share exchange ratio of approx. 1 to 0.305. The no-cash transaction is targeted to complete in fourth quarter of this year, conditional on regulatory approvals. Foxconn Chairman Young Liu said, "Time-to-market is key in the global super-computing race. Modular design is gaining popularity. As AI data centers grow in size and demand ramps higher, teaming up with TECO means both companies are able to level up and rapidly deliver comprehensive, vertically-integrated solutions to our customers – the Tier-1 CSPs and hyperscalers." TECO Chairman Morris Li said, "Changing global dynamics are creating new opportunities for business and cooperation. The strategic partnership extends the two companies' cooperation in the fields of low-carbon smart factories and energy services, toward being a one-stop solution for data centers going forward." Target markets cover Taiwan, Asia, the Middle East and the US. Texas-based TECO-Westinghouse, a world leader in making electric motors, with its US manufacturing and local services, together with Foxconn's US manufacturing base, are in line with the companies' strategic aim to expand US manufacturing and reshape the global supply chain. About TECO here. About Foxconn here. View original content to download multimedia: SOURCE Hon Hai Technology Group (Foxconn) Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Reuters
a day ago
- Business
- Reuters
Foxconn to suspend share trading on July 30 pending major announcement
TAIPEI, July 29 (Reuters) - Foxconn, also known as Hon Hai Precision Industry ( opens new tab, said it will suspend share trading on July 30 pending a major announcement. In Taiwan, companies typically halt trading ahead of announcements, including investments, asset sales and mergers or strategic partnerships, that could affect share prices.
Yahoo
2 days ago
- Automotive
- Yahoo
Gogoro to Announce Second Quarter 2025 Financial Results on August 12th at 8 a.m. Eastern Time
TAIPEI, July 28, 2025 /PRNewswire/ -- Gogoro® Inc. (Nasdaq: GGR), a global technology leader in battery swapping ecosystems that enable sustainable mobility solutions for cities, today announced that it will release its financial results for the second quarter ended June 30th, 2025, before markets open on August 12th, 2025. Gogoro's management team will hold an earnings Webcast at 8:00 a.m. Eastern Time on Tuesday, August 12th, 2025 to discuss the Company's financial and business results and outlook. What: Date of Gogoro Q2 2025 Financial Results and Q&A WebcastWhen: Tuesday, August 12, 2025Time: 8:00 a.m. Eastern Time / 8:00 p.m. Taipei Standard TimeWebcast: Approximately 24 hours after the Q&A session, an archived version of the webcast will be available on the Company's website for approximately two weeks thereafter. ABOUT GOGOROFounded in 2011 to rethink urban energy and inspire the world to move through cities in smarter and more sustainable ways, Gogoro leverages the power of innovation to change the way urban energy is distributed and consumed. Recognized by Fortune as a "Change the World 2024" company; Fast Company as "Asia-Pacific's Most Innovative Company of 2024"; Frost & Sullivan as the "2024 Global Company of the Year for battery swapping for electric two-wheel vehicles"; and, MIT Technology Review as one of "15 Climate Tech Companies to Watch" in 2024, Gogoro's battery swapping and vehicle platforms offer a smart, proven, and sustainable long-term ecosystem for delivering a new approach to urban mobility. Gogoro has quickly become an innovation leader in vehicle design and electric propulsion, smart battery design, battery swapping, and advanced cloud services that utilize artificial intelligence to manage battery charging and availability. The challenge is massive, but the opportunity to disrupt the status quo, establish new standards, and achieve new levels of sustainable transportation growth in densely populated cities is even greater. For more information, visit and follow Gogoro on X: @wearegogoro. View original content to download multimedia: SOURCE Gogoro Sign in to access your portfolio
Malay Mail
2 days ago
- Business
- Malay Mail
Taiwan Cybersecurity Day Returns to Thailand — Showcasing Solutions for Thai Enterprises
'Taiwan Cybersecurity Day' EDM AuthenTrend Technology – Specializes in identity and fingerprint authentication. Product: ATKey – FIDO Fingerprint Security Key @ PQC CHT Security – A well-established cybersecurity service provider from Taiwan. Product: SafGuard 2000 Post-Quantum Cryptographic HSM CyCraft Technology – An AI-powered cybersecurity company active in the Asia-Pacific region. Product: XASM – eXtended Attack Surface Management Lydsec Digital Technology – Focuses on Multi-Factor Authentication and Zero Trust security. Product: One Touch Safe Openfind Information Technology – Offers communication and email security services. Products: MailCloud Email Cloud Service, OSecure Cloud Security Service, Ciao Chat PacketX Technology – Provides solutions for network forensics and traffic analysis. Product: GRISM Network Visibility Platform Skycloud Computing – Specializes in cloud-based security integration. Product: Anti-DDoS & CDN WebComm Technology – Recognized by CIO Advisor APAC as a Top 10 Digital Transformation Vendor in Asia Pacific (2021). Product: OETH SaaS x OETHenticator [email protected] TAIPEI, TAIWAN - Media OutReach Newswire - 28 July 2025 - As global threats become increasingly sophisticated, cybersecurity has become essential for business continuity and digital trust. Taiwan has built solid capabilities in cybersecurity through its strong technical foundation and a diverse, innovation-oriented technology event will take place at the Centara Life Government Complex Hotel & Convention Centre Chaeng Watthana. Eight innovative Taiwan cybersecurity companies to showcase practical technologies, share case studies, and explore collaboration opportunities with Thai solutions are particularly relevant to sectors such as manufacturing, finance, cloud service providers, e-commerce, and critical infrastructure, where resilience and security are essential for maintaining operational stability. As digital collaboration between Taiwan and Thailand increases, Taiwan's cybersecurity expertise and technologies provide support for Thai enterprises looking to enhance their cyber defenses and align with international companies and their featured solutions include:This event offers valuable insights and practical solutions tailored to the needs of Thai businesses. Attendees will have the opportunity to connect with experts, explore practical technologies, and learn how Taiwan's cybersecurity expertise supports digital event is open to cybersecurity professionals, IT decision-makers, system integrators, product distributors, resellers, and industry stakeholders across #CISA The issuer is solely responsible for the content of this announcement.
