United Microelectronics Corp
2303: XTAI (TWN)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| w% | LOCK|w? | LOCK|%mX@^> |
UMC Earnings: Recovery in Autos and Industrials Offsets Damp PC Demand; We Maintain TWD 60 Valuation
United Microelectronic Corporation's September quarter revenue was TWD 59.1 billion, up 0.6% sequentially. Gross margin improved by 109 basis points from the previous quarter to 29.8% on higher utilization and a weaker Taiwan dollar. The numbers met management guidance.
