- UMS (SGX:558)'s 3Q22 revenue surged 48.1% y-o-y and 15.6% q-o-q to a high of S$100.1m,driven by the robust expansion of global wafer fabs. Net profit jumped 180.5% y-o-y (+110.6% q-o-q) to S$42.5m.
- Within the semiconductor segment, which accounts for 89% of total revenue, semiconductor integrated system sales more than doubled y-o-y, while component sales went up by 18% y-o-y. As a result of the slower growth for the component division, which typically accounts for a higher proportion, the split between system and component sales is the same for 3Q22.
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Lower gross margin on higher material costs for new customers
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