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UMC

United Microelectronics Corporation

https://www.umc.com

Industry

Semiconductors

United Microelectronics Corporation operates as a semiconductor wafer foundry in Taiwan, Singapore, China, Hong Kong, Japan, the United States, Europe, and internationally. The company provides circuit design, mask tooling, wafer fabrication, and assembly and testing services. It serves fabless design companies and integrated device manufacturers. United Microelectronics Corporation was incorporated in 1980 and is headquartered in Hsinchu City, Taiwan.

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United Microelectronics shares are trading higher after the company reported a 9.61% growth in net sales for July.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 5:08 pm

United Microelectronics Corporation (NYSE:UMC) reported a 9.61% year-over-year increase in net sales for July 2024, reaching 20,896,877. For the period from January to July 2024, net sales grew by 2.13% compared to the same period in 2023.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 7:36 am

Shares of chip stocks are trading lower amid overall market weakness, with recent earnings from large names in the sector potentially contributing to the decline.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 6:00 pm

Broadcom Inc. (NASDAQ:AVGO) shares surged nearly 12% following strong earnings from Advanced Micro Devices Inc. (NASDAQ:AMD) and positive news on U.S. export regulations. The semiconductor sector, including ETFs like iShares Semiconductor ETF (NYSE:SOXX) and VanEck Semiconductor ETF (NYSE:SMH), experienced significant gains.

Portfolio Pulse from Vaishali Prayag

July 31, 2024 | 8:54 pm

Semiconductor stocks had their best session since February, driven by strong earnings and reduced concerns over chip export restrictions to China. Key ETFs and stocks like SOXX, SMH, AMD, and ASML saw significant gains.

Portfolio Pulse from Piero Cingari

July 31, 2024 | 4:47 pm

United Microelectronics Corp (NYSE:UMC) reported Q2 revenue growth of 0.9% YoY to $1.750 billion, missing the analyst estimate of $1.762 billion. EPS of $0.17 beat the estimate of $0.15. UMC expects strong Q3 demand in communication and computing segments, with mid-single digit % increase in wafer shipments and flat ASP in USD. Shares rose 8.34% to $8.05.

Portfolio Pulse from Anusuya Lahiri

July 31, 2024 | 4:01 pm

Shares of semiconductor and chip-related stocks are trading higher following AMD's strong Q2 earnings report. Additionally, a new Biden administration rule on foreign chip equipment exports to China, potentially exempting Japan, the Netherlands, and South Korea, is also contributing to the sector's rise.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 10:58 am

United Microelectronics (UMC) expects Q3 wafer shipments to grow by mid single digit percentage and firm average selling price quarter-over-quarter.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 9:05 am

United Microelectronics (UMC) reported Q2 2024 GAAP EPADS of $0.17, beating the estimate of $0.15. However, sales were $1.750 billion, missing the estimate of $1.762 billion.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 9:03 am

Nvidia, Apple supplier TSMC, and other US-listed Taiwan stocks, including UMC and ASE Technology, are trading lower in the pre-market after President Joe Biden announced his withdrawal from the presidential race. TSMC shares dropped 1.25%, UMC fell 1.28%, and ASE Technology dipped 0.73%. The Taiex index also plummeted almost 700 points.

Portfolio Pulse from Pooja Rajkumari

July 22, 2024 | 10:10 am

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