United Microelectronics Corporation (UMC) holds a considerably conservative outlook on its operations in the third quarter of 2012 due to the negative impact of financial problems in Europe, according to the company at its 2012 shareholders meeting on June 12.
UMC shareholders approved the distribution of a cash dividend of N$0.50 (US$0.017) per share for 2011, accounting for 58.14% of the corresponding net EPS of NT$0.86, as well as plans to issue up to 1.292 billion new shares for private placement.
UMC expects IC shipments in the second quarter of 2012 to grow 15% on quarter and the corresponding ASP to remain unchanged, the company indicated.
UMC has kicked off volume production based on 28nm Poly-SiON technology and will soon begin trial production based on a 28nm HK/MG process. In addition, UMC will begin volume production on a 20nm HK-Last HK/MG process in 2013 and has been developing 14nm 3D FinFET technology, the company said.
UMC cautious about 3Q12
Digitimes file photo
Article translated by Adam Hwang
