RTTNews | Jan 27, 2021 05:00AM EST

05:00 Wednesday, January 27, 2021 (RTTNews.com) - Semiconductor foundry United Microelectronics Corp. (UMC) reported Wednesday fourth-quarter net income attributable to stockholders of the parent that soared to NT$11.20 billion or US$393 million, from NT$3.84 billion or US$135 million in the prior-year quarter.

Earnings per share also surged to NT$0.92 from NT$0.33 in the same quarter last year. Earnings per ADS for the quarter were US$0.162, sharply higher than US$0.058 a year ago.

Operating revenues for the quarter grew 8.2 percent to NT$45.30 billion or US$1.59 billion, from NT$41.85 billion or US$1.47 billion in the same quarter last year.

Looking ahead to the first quarter, the company anticipates wafer shipments to increase approximately 2 percent sequentially.

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