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

United Microelectronics (UMC) projects an increase in Q2 wafer shipments by a low single-digit percentage and expects to maintain a firm average selling price (ASP) quarter-over-quarter. The company anticipates a gross profit margin of around 30%, capacity utilization in the mid-60% range, and has set its 2024 CAPEX at US$3.3 billion.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 10:25 am

United Microelectronics (NYSE:UMC) reported Q1 2024 earnings per share of $0.13, missing the consensus estimate of $0.15, and sales of $1.708B, missing the estimate of $1.730B. This represents a 36.1% decrease in earnings and a 0.77% increase in sales year-over-year.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 10:21 am

United Microelectronics Corporation (UMC) reported a 2.70% year-over-year increase in March 2024 sales, reaching NT$18.2M. The first quarter sales also saw a slight rise of 0.78% compared to the same period in 2023.

Portfolio Pulse from Benzinga Newsdesk

April 08, 2024 | 7:05 am

United Microelectronics (UMC) shares are trading higher after the company announced that the recent Taiwan earthquake had no significant impact on its financials or business operations, with wafer shipments resuming as normal.

Portfolio Pulse from Benzinga Newsdesk

April 04, 2024 | 12:43 pm

United Microelectronics (UMC) announced in an SEC filing that operations and wafer shipments have resumed normally with no significant impact on its finances or business following a recent earthquake in Taiwan.

Portfolio Pulse from Benzinga Newsdesk

April 04, 2024 | 12:41 pm

Taiwan's recent earthquake, the biggest since 1999, poses a significant risk to the global semiconductor supply chain, affecting major chipmakers like TSMC (OTC:TSM) and UMC (NYSE:UMC). Both companies halted operations for inspections, impacting the supply chain. TSMC, crucial for tech giants like Nvidia (NASDAQ:NVDA) and Apple (NASDAQ:AAPL), managed to evacuate safely and plans to resume production quickly. However, the event highlights the geopolitical and natural disaster risks of Taiwan's central role in chip manufacturing.

Portfolio Pulse from Upwallstreet

April 04, 2024 | 10:18 am

Taiwanese chipmaker United Microelectronics Corp. (NYSE:UMC) and Intel (NASDAQ:INTC) have announced a partnership to develop 12-nanometer chip technology for production in Intel's Arizona facilities, starting in 2027. This collaboration aims to enhance UMC's U.S. production capabilities and allow Intel to focus on more advanced chip technologies by leveraging UMC's expertise in mature chip production. The partnership is seen as a strategic move to compete against TSMC and Samsung in the contract manufacturing space.

Portfolio Pulse from Benzinga Neuro

April 02, 2024 | 11:17 am

Analog Devices (ADI) announces a dividend payout of $0.92 per share with an annualized yield of 1.95%, marking a consistent increase in dividends from $2.48 in 2020 to $3.44 in 2023. Earnings per share also rose from $4.91 to $10.08 during the same period, indicating strong financial health and potential for future dividend growth. United Microelectronics (UMC) has the highest dividend yield in the industry at 7.00%.

Portfolio Pulse from Benzinga Insights

March 15, 2024 | 3:05 pm

Semiconductor stocks are experiencing an uptick due to the ongoing momentum in AI technology. Broadcom is set to announce its Q1 earnings after the market closes today. The sector's rise is also partly attributed to the anticipation of subsidies from the CHIPS act.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 4:39 pm

Semiconductor stocks are experiencing a rebound in their trading values after a decline on Tuesday, indicating a positive shift in investor sentiment towards the sector.

Portfolio Pulse from Benzinga Newsdesk

March 06, 2024 | 4:34 pm

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