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home / news releases / UMC - SkyWater Technology: Another Potential Catalyst Is Due In A Few Weeks

UMC - SkyWater Technology: Another Potential Catalyst Is Due In A Few Weeks

United Microelectronics Corporation

2024-02-12 09:43:34 ET

Summary

  • SKYT continues to outperform as a foundry with the backing of several tailwinds and this could continue for a few more years.
  • The stock has experienced huge volatility in recent months, but the stock has gone pretty much sideways in 2024.
  • Recent earnings reports have sent the stock flying in both directions, which could happen again with the next report due in a few weeks.
  • SKYT has good growth prospects in the near term, but it is time to consider reducing exposure given how recent earnings reports have gone.

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For further details see:

SkyWater Technology: Another Potential Catalyst Is Due In A Few Weeks
Stock Information
Company Name: United Microelectronics Corporation
Stock Symbol: UMC
Market: NYSE
Website: umc.com
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