United Microelectronics May Sales Soar 4%: Details Here
Portfolio Pulse from Nabaparna Bhattacharya
United Microelectronics Corporation (UMC) reported a 3.89% year-over-year increase in May sales to NT$19.509 billion. Revenues for January to May rose 2.66% to NT$93.882 billion, though May revenues fell 1.2% from April. UMC also unveiled a new 3D IC solution for RFSOI technology. Meanwhile, NXP Semiconductors (NXPI) and Vanguard International Semiconductor Corporation plan to invest $7.8 billion in a new semiconductor facility in Singapore. UMC's new facility in Singapore is expected to be completed by mid-2024, with production starting in early 2025. UMC shares rose 2.19% to $8.41.
June 06, 2024 | 11:32 am
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NXP Semiconductors, along with Vanguard International Semiconductor Corporation, plans to invest $7.8 billion in a new semiconductor facility in Singapore.
The significant investment in a new semiconductor facility indicates growth and expansion for NXP Semiconductors, which is likely to have a positive impact on its stock price.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50
POSITIVE IMPACT
UMC reported a 3.89% YoY increase in May sales and unveiled a new 3D IC solution for RFSOI technology. The company also has a new facility in Singapore slated for completion by mid-2024. UMC shares rose 2.19% to $8.41.
The increase in sales and the unveiling of new technology are positive indicators for UMC. The rise in share price reflects investor confidence. The upcoming facility in Singapore also adds to the positive outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100