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UMC Doubles Capex

David Manners
Wednesday 03 February 2010 15:48

UMC, the world's second largest foundry, saw a small rise in revenue in Q4 on Q3 but a massive rise in revenues for Q409 on Q408.

Q409 saw revenues rise 1.2% sequentially, but year-on-year the rise was 50% to hit US$868m.

Gross margin was 25.9%, operating margin was 13.5% and the fab utilisation rate was 86%.

For the full year, revenue fell 4.2% on 2008 to reach US$2.7bn. Gross profit margin was 17.9% and operating profit margin was 3.8%. Net profit was US$121m.

"UMC shares the industry's positive outlook on growth for the foundry sector" said Shih-Wei Sun, CEO of UMC. The company intends to spend US$1.2-1.5bn on capex in 2010 - well over double the 2009 capex of US$500m. Part of the 2010 capex will go on introducing pilot production on 28nm at Fab12A in Tainan in the south of Taiwan.

Europe only accounted for 8% of UMC's revenues in Q409. The US accounted for 51% of the revenues, Asia/Pac for 40% and Japan for 1%.

17% of the revenues came from 65nm processes and better, with 48% of the revenues generated a nodes between 65nm+ and 0.13micron.

Fabless customers accounted for 80% of UMC's business and IDMs for 20%.

Communications chips were 62% of overall revenues. Second largest segment was consumer at 25%. Computer represented 11%.

UMC shipped 990,000 8-inch equivalent wafers in Q409.

 

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