United Microelectronics Corporation (NYSE:UMC) Q2 2024 Earnings Conference Call July 31, 2024 5:00 AM ET

Company Participants

Michael Lin - Head of IR
Chi-Tung Liu - CFO
Jason Wang - President

Conference Call Participants

Sunny Lin - UBS
Gokul Hariharan - JPMorgan
Bruce Lu - Goldman Sachs
Charlie Chan - Morgan Stanley
Laura Chen - Citi
Brad Lin - Bank of America Merrill Lynch

Operator

Welcome everyone to UMC's 2024 Second 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 broadcasted live over the Internet. Webcast replay will be available within two hours after the conference is finished. Please visit our website www.umc.com under the Investor Relations, Investors Events section.

And now I would like to introduce Mr. Michael Lin, head of Investor Relations at UMC. Mr. Lin, please begin.

Michael Lin

Thank you and welcome to UMC's conference call for the second quarter of 2024. I'm joined by Mr. Jason Wang, President of UMC; and Mr. Chi-Tung Liu, the CFO of UMC. In a moment, you will hear our CFO present the second quarter financial results, followed by our President's key message to address UMC's focus and third quarter 2024 guidance. Once our President and CFO complete their remarks, there will be a Q&A session.

UMC's quarterly financial reports are available at our website www.umc.com under the Investors Financial 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 risk that may be beyond the company's control. For a more detailed description 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 second quarter 2024 financial results.

Chi-Tung Liu

Thank you, Michael. I would like to go through the 2Q24 investor conference presentation material, which can be downloaded or viewed in real time from our website.

Starting on Page 4, the second quarter of 2024, consolidated revenue was NT$56.8 billion, with a gross margin at 35.2%. The net income attributable to the stockholder of the parent was NT$13.8 billion, and earnings per ordinary share were NT$1.1120.