Hsinchu City, Taiwan-based semiconductor foundry United Microelectronics Corporation (UMC) reported a 3.3% year-over-year rise in net sales for December despite high inflation and soft demand. Its net sales for 2022 increased 30.8% to 278.70 million.
Although it missed the consensus EPS estimate in the third quarter by 5.2%, its revenue was 3.9% above the estimate. Its gross margin in the third quarter came in at 47.3%, while its operating margin came in at 40%.
