- UMC grew revenue and earnings at a pace not that different from past quarters, the difference being in how growth came about.
- UMC still faces capacity constraints that affect its growth, but the latest numbers show there are ways to counter it.
- The stock has stayed in a range for most of 2021 even with big gains in earnings, making multiples even more attractive than before.
- As long as semiconductor demand remains robust and foundries are needed, long UMC is the way to go.
For further details see:
There Is More Than One Way To Skin A Cat For United Microelectronics