UMC - Could United Microelectronics Become the Next TSMC?
United Microelectronics (NYSE: UMC) , Taiwan's second-largest contract chipmaker and the world's third-largest foundry, doesn't attract nearly as much attention as the market leader Taiwan Semiconductor Manufacturing (NYSE: TSM) . TSMC and UMC are both based in Hsinchu, Taiwan, but the former generated more than seven times as much revenue as the latter last year.
Many conversations regarding the Taiwanese semiconductor market gloss over UMC and focus on TSMC's development of the world's most advanced chips for fabless chipmakers like Apple , Advanced Micro Devices , and Qualcomm instead. But could UMC expand significantly over the next few years and become the next TSMC?
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Could United Microelectronics Become the Next TSMC?