UMC - Semiconductors Winners And Losers As Of Q2 2022

• Semis entered 2022 on a roll, but Q1 turned out to be unlike previous quarters with many posting the biggest losses they have seen in years.
• While many were hit hard, some semis showed more resilience and a few actually bucked the trend with a gain in Q1.
• Semis have recovered in recent weeks and are off their lows heading into Q2, but there is reason to think more turbulence is on the way.
• Q1 was a wake-up call that risk is on the rise, which means it can’t be business as usual as adjustments are needed to compensate.

For further details see: