The second-largest Taiwanese semiconductor manufacturer is expected to have a better performance in 1Q 2021.
Over the past five quarters, UMC's revenue kept hitting historical highs. In the fourth quarter of last year, the company achieved a revenue of USD 1.59 billion, up 8.2% year-on-year. In January and February of this year, UMC's revenue reached USD 0.54 billion and USD 0.52 billion respectively, up 10.21% and 9.86% year-on-year. The total revenue in the two months was about NT $30.48 billion, up 10% YoY. If UMC can earn USD 0.52 billion or more, the company will experience a six-quarter growth. At present, different kinds of chips, such as automobile chips and smartphone chips, are in short supply.
In addition to supporting the EV and smartphone markets, UMC is also actively involved in the prevention and control of COVID-19. On March 8, Sensirion and UMC jointly announced that they are cooperating in manufacturing medical-related sensor ICs. UMC says it has given top priority to epidemic prevention to assist Sensirion in producing temperature sensors for COVID-19 vaccine transportation. Based on all the released information, UMC is expected to have a great performance for at least the first two quarters of 2021.
Check our recent report for more information about UMC.