United Microelectronics Corporation (UMC) announced consolidated revenue of NT$57.86 billion for the first quarter of 2025, a 4.2% sequential decrease but a 5.9% year-over-year increase. The gross margin for Q1 2025 was 26.7%, and net income attributable to shareholders was NT$7.78 billion, with earnings per ordinary share of NT$0.62 (US$0.093 per ADS).
Revenue from the 22/28nm portfolio reached a record high, representing 37% of total sales, driven by a 46% quarter-over-quarter increase in 22nm revenue from products like OLED display driver ICs and networking chips. Wafer shipments remained flat quarter-over-quarter at 910K, while the utilization rate slightly declined to 69%.
For the second quarter of 2025, UMC expects a moderate rebound in wafer demand across all segments, with ASP in U.S. dollar terms remaining flat. Gross margin is projected to be in the mid-20% range, and the capacity utilization rate is expected to be in the low 70% range. The Board of Directors proposed a cash dividend of NT$2.85 per share, subject to shareholder approval.
Regarding recent market speculation, UMC Chief Financial Officer Chitung Liu stated there was currently no ongoing merger activity with GlobalFoundries. He characterized the reports as market rumors, emphasizing that any major news would require an official announcement from the company.
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