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home / news releases / united microelectronics corporation the foundry mark

GFS - United Microelectronics Corporation: The Foundry Market Is Changing

GlobalFoundries Inc.

2024-06-08 04:41:28 ET

Summary

  • UMC recently announced the latest dividend, which came as a pleasant surprise since it was higher than expected.
  • The charts show the stock is close to a price level it has seen several times before, and buyers may want to take note of what happened next.
  • UMC got eclipsed by SMIC for the number two spot among pure-play foundries, and shareholders should not expect change soon.
  • Some might argue SMIC represents a headwind for UMC, but the impact on UMC is likely to be nuanced for various reasons.

For further details see:

United Microelectronics Corporation: The Foundry Market Is Changing
Stock Information
Company Name: GlobalFoundries Inc.
Stock Symbol: GFS
Market: NASDAQ
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