Taiwan's UMC posts Q4 profit of 137 million dollars

Feb 03, 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: US newspaper industry revenue fell 2.6 pct in 2013

add to favorites email to friend print save as pdf

Related Stories

Taiwan's HTC says profit down 30 percent

Apr 06, 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

Jan 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

Jul 06, 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

Jan 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

Venture investments jump to $9.5B in 1Q

13 hours ago

Funding for U.S. startup companies soared 57 percent in the first quarter to a level not seen since 2001, as venture capitalists piled more money into an increasing number of deals, according to a report due out Friday.

Weibo IPO below expectations, raises $285.6 mn

Apr 17, 2014

Sina Weibo sold fewer shares than expected in its US IPO which was priced below expectations ahead of a Thursday listing that takes place after tech selloffs on Wall Street.

User comments : 0

More news stories

Researchers uncover likely creator of Bitcoin

The primary author of the celebrated Bitcoin paper, and therefore probable creator of Bitcoin, is most likely Nick Szabo, a blogger and former George Washington University law professor, according to students ...

Researchers successfully clone adult human stem cells

(Phys.org) —An international team of researchers, led by Robert Lanza, of Advanced Cell Technology, has announced that they have performed the first successful cloning of adult human skin cells into stem ...