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

UMC reported May 2024 sales of NT$19.509 million, marking a 3.9% year-over-year increase. The company's revenue for the January-May period also saw a 2.66% rise compared to the same period in 2023.

Portfolio Pulse from Benzinga Newsdesk

June 06, 2024 | 6:49 am

Vanguard International Semiconductor Corporation (VIS) and NXP Semiconductors N.V. (NASDAQ:NXPI) are investing $7.8 billion in a new semiconductor facility in Singapore. VIS will hold a 60% stake, while NXP will hold 40%. The facility will focus on 300mm semiconductor wafers for various markets, with production starting in 2027. The technology will be licensed from Taiwan Semiconductor Mfg. Co. Ltd (NYSE:TSM).

Portfolio Pulse from Shivani Kumaresan

June 05, 2024 | 5:26 pm

Shares of semiconductor stocks are trading lower in possible sympathy with Marvell, which reported worse-than-expected Q1 earnings.

Portfolio Pulse from Benzinga Newsdesk

May 31, 2024 | 6:06 pm

Shares of semiconductor and chip stocks are trading lower amid a possible selloff, despite NVIDIA's strong earnings last week which initially strengthened the sector.

Portfolio Pulse from Benzinga Newsdesk

May 29, 2024 | 2:41 pm

Shares of semiconductor and chip stocks are trading higher following NVIDIA's earnings report last week.

Portfolio Pulse from Benzinga Newsdesk

May 28, 2024 | 4:07 pm

United Microelectronics Corporation (NYSE:UMC) reported a 6.9% year-over-year increase in April sales, reaching NT$19.741 billion. From January to April, revenues rose by 2.34% to NT$74.373 billion. The company also noted an 8.7% increase in April revenues compared to March. UMC's first-quarter CAPEX spending was $924 million, with a 2024 budget set at $3.3 billion. Co-president Jason Wang anticipates higher wafer shipments in Q2 due to improving inventory levels in various segments, despite near-term macro uncertainties and cost challenges. UMC's stock has seen a slight decline of over 0.8% in the past year, closing at $8.12 on Monday, down by 0.37%.

Portfolio Pulse from Nabaparna Bhattacharya

May 07, 2024 | 12:47 pm

United Microelectronics Corporation (UMC) reported a 6.9% year-over-year increase in April 2024 sales, reaching NT$19.74M. The cumulative sales from January to April 2024 also rose by 2.34% compared to the same period in 2023.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 8:02 am

Semiconductor and chip stocks are experiencing an uptick due to overall market strength and positive earnings from Qualcomm. Additionally, Apple's performance is contributing to a more favorable tech sentiment, positively impacting the sector.

Portfolio Pulse from Benzinga Newsdesk

May 03, 2024 | 5:35 pm

Semiconductor stocks are experiencing an uptick in their trading values after Qualcomm reported strong quarterly results. This positive performance by Qualcomm is seen as a bullish signal for the semiconductor industry, potentially indicating robust demand and operational strength within the sector.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 6:26 pm

Citigroup analyst Roland Shu has upgraded United Microelectronics (NYSE:UMC) from Neutral to Buy, indicating a positive outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 6:32 pm

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.