UMC’s net profit best in 14 yearsBy Lisa Wang / Staff ReporterUnited Microelectronics Corp (UMC, 聯電), the world’s No. 4 contract chipmaker, yesterday posted its strongest quarterly net profit in 14 years as work-from-home and remote-schooling trends continued to drive demand for power management chips used in smartphones and high-speed interface controllers. Net profit last quarter soared 36.37 percent to NT$9.11 billion (US$315.07 million) from NT$6.68 billion in the second quarter. UMC expects this to significantly increase demand for 28-nanometer chips this quarter, he added. Every 1 percent appreciation in the NT dollar reduces UMC’s gross margin by 0.5 percentage points, the chipmaker said.

Source: Taipei Times October 29, 2020 15:56 UTC