United Microelectronics (UMC) Q4 2022 Earnings Call Transcript

For the period ending December 31, 2022

January 16, 2023 4:00 a.m. ET

Prepared Remarks

Questions and Answers

Call Participants

Prepared Remarks:

Operator

Welcome everyone to UMC's 2022 Fourth Quarter Earnings Conference Call. All lines have been placed on mute to prevent background noise. After the presentation, there will be a question-and-answer session. Please follow the instructions given at that time if you would like to ask a question. For your information, this conference call is now being broadcast live over the Internet. Webcast replay will be available within an hour after the conference is finished. Please visit our website www.umc.com under the Investor Relations, Investors Events section.

I would like to introduce Mr. Michael Lin, Head of Investor Relations at UMC. Mr. Lin, you may begin.

Michael Lin

Thank you, and welcome to UMC’s conference call for the fourth quarter of 2022. I'm joined by Mr. Jason Wang, President of UMC; and Mr. Chi-Tung Liu, the CFO of UMC. In a moment, we will hear our CFO present the fourth quarter financial results, followed by our President’s key message to address UMC’s focus and first quarter 2023 guidance. Once our President and CFO complete their remarks, there will be a Q&A section.

UMC’s quarterly financial reports are available at our website www.umc.com under the Investors Financials section. During this conference, we may make forward-looking statements based on management’s current expectations and beliefs. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results to differ materially, including the risks that may be beyond the company’s control. For a more detailed discussion of these risks and uncertainties, please refer to our recent and subsequent filings with the SEC and the ROC security authorities. During this conference you may view our financial presentation material, which is being broadcast live through the Internet.

Now I would like to introduce UMC’s CFO, Mr. Chi-Tung Liu, to discuss UMC’s fourth quarter 2022 financial results.

Chi-Tung Liu

Thank you, and happy new year to everyone. Thank you for joining our call. I would like to go through the 4Q ‘22 investor conference presentation material, which can be downloaded or viewed in real time from our website.

Starting on Page four, the fourth quarter of 2022, consolidated revenue was TWD67.84 billion with gross margin rate at 42.9%. Net income attributable to the stockholder of the parent was TWD19 billion and earnings per ordinary shares were TWD1.54. Utilization rate came down to 90% in 4Q from 100% in the previous quarter.