United Microelectronics Q4 revenue rises Y/Y; weak Q1 2023 to see cost cutting measures

CPU and Computer chip concept

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United Microelectronics (NYSE:UMC) Q4 operating revenue grew +14.8% to Y/Y to $2.21B.

Earnings per ADS increased +18.4% Y/Y to $0.251. Both top and bottom line missed estimates.

However, consolidated revenue declined -10% Q/Q to NT$67.84B due to inventory correction

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