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Semiconductor Foundry UMC Reports Q2 Earnings Beat, Strong Q3 Demand Expected in Communication and Computing

United Microelectronics Corp (NYSE:UMC) reported a second-quarter fiscal 2024 revenue growth of 0.9% year-on-year to $1.750 billion (NT$56.80 billion), missing the analyst consensus estimate of $1.762 billion.  The revenue increased by 4.0% Q/Q, driven by notable demand momentum in the consumer segment. Earnings per ADS of $0.17 beat the analyst consensus estimate of $0.15. Revenue from 22 ...