Effective Trading In Our Markets. Learn, then Earn Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Effective Trading In Our Markets. Learn, then Earn

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Jerry Olson who wrote (1200)	7/30/2002 9:17:16 AM
From: Frederick Langford	of 1854

UMC trims capital spend despite good times' return Semiconductor Business News (07/30/02 05:30 a.m. EST) TAIPEI, Taiwan -- Foundry manufacturer United Microelectronics Corp. (UMC) grew its sales revenue and net profits in the second quarter of 2002 but the company still took the opportunity to announce a trimming of its plans for 2002 capital expenditure from US$1.6 billion forecast in the first quarter to $1.3 billion. UMC's sales revenue for the second quarter was $554 million up 52.8% from the first quarter of 2002 and up 23.9% from the $362 million of the same quarter in the previous year. UMC made a net profit of $133 million in the second quarter of 2002. This compared with $6 million profit in the previous quarter and a loss of $55 million in the second quarter of 2001. “We are extremely pleased with our results for the quarter, especially the significant quarter-over-quarter growth in sales that topped our forecast. Clearly, even more important is our return to operating profitability,” said UMC vice chairman and chief executive officer John Hsuan, in a statement. Hsaun put the booming second quarter sales down to strong demand from the consumer and communications sectors and the fact that the adoption of more advanced technology was having a beneficial effect on average selling prices. However, UMC still sees only gradual recovery in place, indeed more gradual than previously expected, and so it plans for a cut in 2002 capital expenditure. The company said that within the revised plan it remains committed to spend in full the amounts originally budgeted for Fab12A capacity expansion and 130-nanometer copper modules. On the other hand, UMC will reduce the amount allocated to increase eight-inch wafer capacity for Fab 8F. Capacity for the second quarter was 649,000 eight-inch equivalent wafers. UMC currently estimates that in the third quarter of 2002 capacity will reduce to 641,000 eight-inch equivalent wafers, mainly due to a capacity adjustment across fabs. Fab 8C, Fab 8D and Fab 8E equipment will be reshuffled to optimize each fab's productivity, and Fab 8D will be transformed into a full copper production line

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next