United Microelectronics Corp at JPMorgan Taiwan CEO-CFO Conference Transcript
Okay. So maybe thank you UMC for the discussion. And I will now have my first question. And if you could just discuss your view on a scope of this business cycle within the high teens decline in first quarter. Do you expect it to mark the low? Or do you see or expect given the demand and inventory for the correction into the second Q?
Questions & Answers
Okay. So last year, we had presented unprecedented demand as well as the results last year. Our revenue actually grew more than 20% ASP. We saw a lot of tremendous strides. That was from a very nice low product mix. And also, our fab usage rate maintained very, very high loadings. So last year, the results were earnings per share, we accomplished a little bit over $7.
As far as the current cycle, I think based on the customer forecast as well as the inventory outlook, the whole correction, I believe, started in somewhere between Q2, Q3 last year.
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