Revenue from 22 and 28nm grew to 25% of the wafer revenue, while 40nm contributed 17% of sales.
The gross margin expanded by 1,050 basis points to 47.3%.
Earnings per ADS of $0.345 beat the consensus of $0.30.
In its earnings report,UMC forecasted a 10% quarter-over-quarter decline in Q4 wafer shipments and a gross profit margin in the low – 40% range. UMC sees a 2022 Capex of $3.0 billion.
Price Action: UMC shares closed higher by 6.12% at $6.24 on Friday.
