UMC Spends NT75 Million to Repurchase 4,166 Treasury Shares
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AI Summary (NQ-processed)
UMC announced it repurchased 4,166 treasury shares for NT75 million at an average price of NT0.14 per share, to be transferred to employees. The company expects Q2 wafer shipments to grow 7-9%, with capacity utilization at 81-83%, and average selling prices to rise 1-3%, leading to a gross margin near 30%. UMC will adjust foundry prices in the second half of the year.