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TAIPEI, Taiwan - United Microelectronics Corporation (UMC), a prominent player in the semiconductor industry with a market capitalization of $16.84 billion, has submitted a Form 6-K to the United States Securities and Exchange Commission (SEC) today, as disclosed in the company’s recent regulatory filing. According to InvestingPro data, the company maintains a strong financial health rating and operates with a moderate level of debt.
The Form 6-K, a report for foreign issuers pursuant to the rules of the SEC, was signed by UMC’s Chief Financial Officer, Chitung Liu. The report is a requirement for foreign companies like UMC, which trades on the New York Stock Exchange under the ticker (NYSE:UMC), to inform U.S. investors about material events. The company has demonstrated its commitment to shareholder returns through 15 consecutive years of dividend payments, currently offering a dividend yield of 5.16%.
UMC is incorporated in Taiwan and operates within the semiconductor and related devices industry, with its principal executive offices located in Hsinchu Science Park, Hsinchu, Taiwan. The company has confirmed that it will continue to file annual reports under the cover of Form 20-F, which is designated for foreign private issuers with listed equity shares on American exchanges.
The filing did not include specific details about the material events that prompted the report. However, the submission of Form 6-K is a standard practice for foreign companies to comply with U.S. securities laws, ensuring transparency and regular communication with investors regarding the company’s affairs.
Investors and stakeholders typically review such filings to stay informed about a company’s latest developments, financial health, and other significant occurrences that could influence investment decisions. UMC’s latest Form 6-K reaffirms its commitment to maintaining compliance with SEC regulations and providing necessary disclosures to the market. With its next earnings report scheduled for April 23, 2025, investors can access comprehensive analysis and additional insights through InvestingPro’s detailed research reports, which cover over 1,400 US-listed companies.
The information contained in this article is based on the recent SEC filing by United Microelectronics Corporation.
In other recent news, United Microelectronics Corporation (UMC) reported fourth-quarter earnings that did not meet analyst expectations. The company posted adjusted earnings per ADS of $0.104, falling short of the consensus estimate of $0.14. Revenue for the quarter was $1.84 billion, which was below the anticipated $1.87 billion, though it marked a 9.9% increase year-over-year. Citi analysts responded to these results by downgrading UMC’s stock from Buy to Sell, adjusting the price target from TWD 55.00 to TWD 40.00. This downgrade reflects concerns over the company’s outlook amid challenging industry conditions and increased costs.
UMC’s gross margin for the quarter was 30.4%, a decline from 33.8% in the previous quarter, while the operating margin decreased to 19.8% from 23.3%. The company’s management expects wafer shipments to remain stable in the first quarter of 2025, although average selling prices are projected to decrease by mid-single digits. Additionally, UMC has filed a Form 6-K with the U.S. Securities and Exchange Commission, maintaining transparency with international investors. The company’s management targets modest single-digit revenue growth year-over-year, which is below the industry’s expected growth rate of around 10%.
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