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UMC - United Microelectronics reports 32% growth in January sales
United Microelectronics Corporation
United Microelectronics (NYSE:UMC) reported Y/Y growth of 31.8% in January revenue to NT$20.5M; in December, the sales were up 33%. In last week of January, Nomura downgraded the stock to Neutral noting that shares are likely to "consolidate" for a while after its 18-month rally; the company reported a Q4 earnings and revenue beat. Shares trading 1.4% down premarket.