Taiwan-based contract chipmaker United Microelectronics Corp. (UMC) said Monday that operations at its subsidiary in Suzhou, China have been partially suspended after a factory worker was infected with COVID-19, the firm said Monday.
In a statement, UMC said it would gradually suspend production at the Chinese subsidiary run by HeJian Technology (Suzhou) Co. to assist with the local authorities’ blanket screening of all workers for COVID-19.
UMC said that full operations at the Suzhou plant would resume once the mass testing was completed.
UMC said it remained upbeat about its first-quarter sales despite the incident, given that HeJian’s monthly production value only accounted for around five percent of the company’s total revenue.
UMC also predicted that its Q1 shipments would remain stable and that product prices and gross margin would rise by five percent and 40 percent, respectively, prompting analysts to forecast a new quarterly high for the company’s Q1 revenue.
Source: Focus Taiwan News Channel