TECH - UMC Expects Q4 Wafer Shipments To Decline Stock Slides | Benzinga
United Microelectronics Corp (NYSE: UMC) reported a third-quarter FY23 revenue decline of 24.3% year-on-year to $1.77 billion (NT$57.07 billion), beating the consensus of $1.75 billion.
The revenue increased by 1.4% Q/Q, driven by favorable foreign exchange and a better product mix.
Earnings per ADS of $0.20 beat the consensus of $0.17.
Revenue from 22 and 28nm grew to 32% of the wafer revenue, while 40nm contributed 13% of Full story available on Benzinga.com