MANHASSET, N.Y. Taiwan semiconductor foundry United Microelectronics Corp. (UMC) reported second quarter revenue of $376 million on sales of $864 million, compared to $80 million on sales of $643 million in the year-ago second quarter. Results also improved from the first quarter of 2004, when UMC earned $204 million on sales of $750 million.
UMC saw strong second-quarter demand that led to a 9.7% increase in wafer shipments and a higher blended average selling price, according to Jackson Hui, UMC's chief executive. The company is expanding its 90nm production on 300mm wafers and is working with several customers on 65nm process technology.
"Our capacity is on schedule to increase by 19% to 853 thousand 8-inch equivalents in the third quarter," said Hui in a statement. "The availability of this additional capacity, mainly from Fab 8S, Fab 12A and UMCi, will help ease the present tight capacity situation. Going forward, we expect revenue and profit growth to continue into the third quarter."
By contrast, rival foundry
Chartered Semiconductor Manufacturing> last week projected flat third-quarter revenue due to weak forecasts by communications customers.