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Cowan LRA Model
goafrit - since one month does not make a trend, the more important trajectory ...
goafrit
This is essentially the kind of trajectory I expected. Many people are saying ...
UMC's July sales bounce 9%
Peter Clarke
8/8/2012 5:40 AM EDT
LONDON – Sales revenue at foundry United Microelectronics Corp. (Hsinchu, Taiwan) bounced strongly into annual growth in July after being in negative territory for the first five months of 2012.
UMC's July figures may have been helped by strong orders just behind the leading edge which is currently at the 28-nm manufacturing node, for which supply is constrained. UMC's July sales were NT$9,613 million (about $320 million), up 9.1 percent on the same month in 2011 and up 3.5 percent on sales in June 2012.
In the first seven months of 2012 UMC has sold NT$60,998 million worth of wafers (about $2.0 billion), which is still 6.3 percent down on sales in the first seven months of 2011.
The strength of the second half recovery will determine whether UMC and the industry as a whole will in 2012 be ahead or behind sales performance in 2011. The third quarter is usually the strongest quarter in sequential growth terms while the fourth quarter is usually flat to a few percent down. Rival foundry TSMC has advised that it expects a revenue downturn is expected in the fourth quarter.
Related links and articles:
Reports: Wafer discounts, rush orders from MediaTek, Nvidia
Foundries soar, Japanese IDMs slide in IC sales rankings
UMC seeks partners, offers 10% share in business
UMC's June sales move into annual growth
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goafrit
8/8/2012 2:48 PM EDT
This is essentially the kind of trajectory I expected. Many people are saying the economy is tanking, but the earnings are looking good. I will vote with the data over mere pundits. Hope UMC sustains this momentum.
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Cowan LRA Model
8/9/2012 7:21 AM EDT
goafrit - since one month does not make a trend, the more important trajectory is seen by looking at the by-month 2012 year-to-date (YTD) sales growth numbers compared to 2011.
These by-month YTD sales growths are presented below:
Jan to Jan = -15.8%
Jan thru Feb = -16.0%
Jan thru Mar = -15.5%
Jan thru Apr = -12.7%
Jan thru May = -10.6%
Jan thru Jun = -8.7%
Jan thru Jul = -6.3%
As illustrated this monthly trend is definitely improving but still negative through July.
Mike Cowan
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