Wafer foundry UMC and World Advanced both hit record highs in March revenue

According to the latest report, wafer foundry UMC and World Advanced announced their March 2022 revenue, both hitting a record high, and the two companies merged in the first quarter. Receipts also hit a single-season record high.

Among them, UMC’s consolidated revenue in March was NT$22.14 billion, an increase of 6.4% month-on-month, and its revenue reached a new high for 6 consecutive months, an increase of 33.2% year-on-year.

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Moreover, the cumulative first-quarter consolidated revenue exceeded NT$60 billion in Taiwan dollars amounted to NT$63.422 billion (approximately RMB 14.016 billion), an increase of 7.3% month-on-month and a year-on-year increase of 34.7%, which was better than expected.

Furthermore, World Advanced’s consolidated revenue in March exceeded NT$5 billion for the first time, reaching NT$5.068 billion, an increase of 19.4% month-on-month and a year-on-year increase of 41.4%. World Advanced said that the increase in wafer shipments and a better product mix were the main driving forces behind the record-high revenue in March.

In addition, World Advanced’s cumulative first-quarter consolidated revenue was NT$13.492 billion (approximately RMB 2.982 billion), in line with the company’s financial forecast of NT$13.2 billion to NT$13.6 billion, an increase of 5.9% month-on-month and a year-on-year increase of about 47%.

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