Streetbeat News

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.

Open

6.92

Mkt cap

17B

Volume

8.2M

High

6.99

P/E Ratio

11.08

52-wk high

9.00

Low

6.91

Div yield

0.00

52-wk low

6.78

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

Shares of hardware and data center companies are trading lower amid a selloff in chips and AI-related stocks.

Portfolio Pulse from Benzinga Newsdesk

July 17, 2024 | 6:24 pm

Nvidia, AMD, and other semiconductor stocks are trading lower due to intensified U.S. sanctions against China and comments from Donald Trump about Taiwan Semiconductor Manufacturing Company. The Biden administration is considering using the Foreign Direct Product Rule to impose controls on foreign-made products with American technology. The broader chip sector, including companies like Broadcom, Qualcomm, and Micron, is also affected.

Portfolio Pulse from Anusuya Lahiri

July 17, 2024 | 1:43 pm

UMC reported a 7.9% year-over-year decline in sales for June 2024, amounting to NT$17.584 million. However, the company's sales for the first half of 2024 showed a slight increase of 0.84% compared to the same period in 2023.

Portfolio Pulse from Benzinga Newsdesk

July 05, 2024 | 3:00 pm

Taiwan Semiconductor Manufacturing Co (NYSE:TSM) is expanding its operations to meet growing demand in AI, 5G, server, and data center markets. Acter Group Co, a supplier to TSMC, is also expanding overseas. TSMC's stock has gained 68% in the last 12 months. Investors can gain exposure to the semiconductor sector via ETFs like FTXL and XSD.

Portfolio Pulse from Anusuya Lahiri

June 25, 2024 | 2:25 pm

United Microelectronics Corporation (UMC) has launched its 22nm embedded high voltage (eHV) technology platform for display driver ICs, aimed at enhancing power efficiency and visual performance in smartphones and other mobile devices. This new platform reduces power consumption by up to 30% and die area by 10%, positioning UMC as a leader in the AMOLED DDIC market.

Portfolio Pulse from Benzinga Newsdesk

June 20, 2024 | 7:14 am

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.

Portfolio Pulse from Nabaparna Bhattacharya

June 06, 2024 | 11:32 am

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