UMC Sales for May 2020 Show an Increase in Revenue

United Microelectronics Corporation (UMC), known for its semiconductor foundry business and manufacturing integrated circuits wafers for fabless semiconductor companies, reported unaudited net sales for the month of May 2020. Amid the global pandemic, the sales figures have shown an increase in their revenue, which is in contrast to almost every other industry and business worldwide.

UMC reported a revenue of 14,745,577 New Taiwan Dollars (NT$) for the month of May 2020, which is an increase of NT$ 2,503,310 (20.45%) year-over-year. This marks another successful month for UMC as their growth continues in 2020 with the revenue standing at NT$ 72,072,613 from January to May 2020. It translates to an impressive increase of NT$ 15,165,112 (26.65%) in their revenue year-over-year.

This continuous growth comes as a surprise as almost every other electronics sector, from smartphones to WLAN, have reported a decline in their sales worldwide during this global pandemic. It will be worth observing if this trajectory of growth continues for UMC in the coming months or will it succumb to the pandemic and looming recession.

United Microelectronics Corporation is a leading global semiconductor foundry originating from Taiwan. The company provides high quality IC production with a focus on both logic and specialty technologies to serve every major sector of the electronics industry. UMC's comprehensive technology and manufacturing solutions include logic/RF, display driver IC, embedded flash, RFSOI/BCD on 8" & 12" wafers and IATF-16949 automotive manufacturing certification for all wafer fabs.

UMC operates 12 fabs that are located throughout Asia with a maximum capacity of more than 750,000 8-inch equivalent wafers per month. The company employs approximately 19,000 people worldwide, with offices in Taiwan, China, United States, Europe, Japan, Korea and Singapore.