RTTNews | Oct 29, 2020 05:59AM EDT

05:58 Thursday, October 29, 2020 (RTTNews.com) - Semiconductor foundry United Microelectronics Corp. (UMC) reported Thursday third-quarter net income attributable to stockholders of the parent that soared to NT$9.11 billion or US$313 million, from NT$2.93 billion or US$101 million last year.

Earnings per share also surged to NT$0.75 from NT$0.25 in the same quarter last year. Earnings per ADS for the quarter were US$0.129, sharply higher than US$0.043 a year ago.

Operating revenues for the quarter grew 18.9 percent to NT$44.87 billion or US$1.54 billion, from NT$37.74 billion or US$1.30 billion in the same quarter last year.

Looking ahead to the fourth quarter, the company anticipates wafer shipments to increase 1 to 2 percent sequentially.

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