Taiwan's UMC posts Q4 profit of 137 million dollars

February 3, 2010

Taiwan's United Microelectronics Corp Wednesday said it posted a net profit of 4.4 billion Taiwan dollars (137 million US dollars) in the three months to December due to strong demand.

Although profits were down from the previous quarter, the company said it would possibly treble its capital expenditure in 2010 due to expectations of growing demand.

The profit compared with a loss of 23.5 billion Taiwan dollars in the fourth quarter of the previous year, the world's second biggest contract manufacturer said in a statement.

But the fourth marked a decline of 27.8 percent compared with the 6.09 billion Taiwan dollars profit in the previous quarter.

Nobunaga Chai, a semiconductor analyst at Digitimes, attributed the decline to "the fall in shipment of advanced high price products."

The company expects capital expenditure for this year to be in a range of 1.2-1.5 billion US dollars, up from 500 million US dollars last year.

In the fourth quarter, earnings per share came in at 0.35 Taiwan dollars, recovering from a loss of 1.81 Taiwan dollars a year earlier, it said.

Revenues rose to 27.75 billion Taiwan dollars in the fourth quarter, up from 18.54 billion dollars the previous year.

Explore further: Taiwan's AU Optronics returns to profit in third quarter

Related Stories

Taiwan's HTC says profit down 30 percent

April 6, 2009

Taiwan's smartphone maker HTC Corp posted a year-on-year 30 percent fall in first quarter net profit as the global economic meltdown hit sales, the company said Monday.

Taiwan Semiconductor profits soar

January 28, 2010

Taiwan Semiconductor Manufacturing Co said Thursday net profits in the three months to December more than doubled from a year earlier due to strong demand for computer application chips.

Taiwan's HTC earnings edge down in Q2

July 6, 2009

HTC Corp, Taiwan's leading smartphone maker, said Monday its net profit in the second quarter was down almost two percent from a year earlier.

HP profits lower, to cut nearly 6,400 workers

May 19, 2009

US computer giant Hewlett-Packard reported a 17-percent fall in quarterly net profit on Tuesday and said it plans to cut two percent of its workforce, or nearly 6,400 workers, over the next year.

SKorea's Hynix swings to profit as chip industry recovers

January 21, 2010

South Korea's Hynix Semiconductor said Thursday it swung to a net profit in the fourth quarter, following a loss in the period the year earlier, in a further sign that the global chip industry is recovering from a two-year ...

Recommended for you

Tech titans join to study artificial intelligence

September 29, 2016

Major technology firms have joined forces in a partnership on artificial intelligence, aiming to cooperate on "best practices" on using the technology "to benefit people and society."

US prepares to cede key role for internet

September 29, 2016

The US government is set to cut the final thread of its oversight of the internet, yielding a largely symbolic but nevertheless significant role over the online address system.

MIT's flea market specializes in rare, obscure electronics

September 25, 2016

Once a month in the summer, a small parking lot on the Massachusetts Institute of Technology's campus transforms into a high-tech flea market known for its outlandish offerings. Tables overflow with antique radio equipment, ...

First test of driverless minibus in Paris Saturday

September 24, 2016

The French capital's transport authority will on Saturday carry out its first test of a driverless minibus, in the hope that regular routes for the hi-tech vehicles will be up and running within two years.

0 comments

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.